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Exxon commits to climate neutrality by 2050

Oil company ExxonMobil commits to "net-zero" emissions from its operations in 2050. Target counts all the company's business areas, though not its collaborators and customers.

Photo: Sergio Moraes/Reuters/Ritzau Scanpix

US oil giant ExxonMobil binds itself to reducing carbon emissions from operations to "net-zero" in 2050, reports the Wall Street Journal.

The announcement follows May's annual general meeting where activist investment firm Engine No. 1, which seeks climate initiatives, succeeded in getting three members elected for the board. With Exxon's statement, all major western oil companies have now announced ambitions for climate neutrality within certain parts of their business.

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