Exxon Mobil Corp, the American oil and gas giant, announced on Tuesday its ambition to reach net-zero emission from its global operations by 2050, catching up with competitors that are reducing their carbon footprints.
Exxon began mulling over the 2050 plan last year, which covers emissions from oil, gas, and chemical production, as well as the power consumed by those operations, known as scope 1 and 2 targets. On the other hand, emissions generated by users, so-called scope 3 targets, are excluded from the plan.
