Exxon Mobil Plans to Completely Cut Permian Basin Emissions By 2030
December 06 2021 - 11:06AM
Dow Jones News
By Kimberly Chin
Exxon Mobil Corp. said it will completely slash emissions in its
Permian Basin operations by 2030, as the company aims to green its
operations.
By the end of this year, Exxon expects to reduce flaring volumes
across its Permian Basin operations by more than 75% compared with
2019 levels. The energy company said it will eliminate all routine
flaring in its operations by the end of 2022.
Exxon also intends to electrify its New Mexico and Texas
operations with low-carbon power sources, such as wind, solar,
hydrogen and natural gas that can be carbon captured and stored, as
well with other emerging technologies, it said.
The Texas oil giant plans to expand its methane detection
programs with satellite surveillance, a network of ground-based
sensors and aerial flyovers that can help it identify leaks, it
said.
It said it is working on validating its emissions-reduction
efforts with independent validator MiQ through a pilot program that
will initially focus on its Poker Lake facilities in New
Mexico.
Exxon has ambitions to cut back its upstream greenhouse-gas
emissions intensity by 40% to 50% by 2030 from 2016 levels across
the whole company, it said.
Write to Kimberly Chin at kimberly.chin@wsj.com
(END) Dow Jones Newswires
December 06, 2021 10:51 ET (15:51 GMT)
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