ExxonMobil is committed to achieving net zero emissions in the Permian Basin-The New York Times

2021-12-13 16:39:28 By : Mr. Mike Lee

HOUSTON-Exxon Mobil said on Monday that its goal is to achieve net zero greenhouse gas emissions from oil and gas field operations in West Texas and New Mexico by 2030.

The announcement is part of ExxonMobil's previously announced plan to reduce greenhouse gas emissions across its entire business, as activists and some investors pressure the oil industry to take more measures to combat climate change. But ExxonMobil’s goal does not include offsetting the emissions of its customers, such as car and truck owners and airlines.

ExxonMobil, the largest oil company in the United States, said it will achieve net zero emissions in the Permian Basin spanning two southwestern states through electrified operations, improved capabilities for detecting and capturing methane gas, and elimination of conventional combustion exhaust gas. Discharge from oil wells. The company said it may also adopt "nature-based solutions," which may include tree planting.

Bart Cahill, senior vice president of ExxonMobil, said the effort "is one of the most ambitious and wide-ranging projects in the Permian Basin." He added: “Our employees are working hard to help reduce greenhouse gas emissions associated with products that support modern life.”

The company, headquartered outside of Dallas, said its efforts “may include wind energy, solar hydrogen, natural gas with carbon capture and storage capabilities, and other emerging technologies.” It said it would use satellite surveillance and ground-based sensors to monitor methane (a powerful Of greenhouse gases).

The company stated that its plan "will require the support of well-designed policies and technological advances to improve the availability and reliability of carbon-neutral electricity (including wind and solar) in the region."

Texas has long been a leader in the field of wind energy, and has recently added many large-scale solar farms. But Republicans who manage the state often express their preference for fossil fuels and falsely accuse renewable energy of causing power outages in most parts of the state for several days during the winter storm in February.

ExxonMobil CEO Darren Woods said in a statement that this effort demonstrates "our commitment and support to society's ambitions for a low-emission future."