The reports outline how the company plans capital expenditures, assesses and plans for policies limiting greenhouse gas emissions and works to reduce emissions.
The Fourth Assessment Report (AR4) of the Intergovernmental Panel on Climate Change (IPCC 2007) provides an update of scientific understanding regarding GHG emissions, global warming and the risks of climate change, and the way changes could unfold in the future.
During crude oil extraction, a blend of hydrocarbon gases often accompanies oil to the surface. In certain situations, we flare or vent this gas either as a safety measure or as a means of disposal when there are no economic means of capturing and using it.
ExxonMobil’s financial and operating results are subject to a variety of risks inherent in the global oil, gas, and petrochemical businesses.
There has been extensive international focus on the costs and benefits of policies to reduce GHG emissions and address the risk of climate change.
Stabilization poses a significant challenge, especially for CO2, the most significant of the GHGs emitted by human activities.