Committed to reducing emissions
This year, ExxonMobil announced the creation of a new business – ExxonMobil Low Carbon Solutions – to commercialize and deploy emission-reduction technologies. It will initially focus on carbon capture and storage (CCS), one of the critical technologies required to achieve net zero emissions and the climate goals outlined in the Paris Agreement. ExxonMobil is advancing plans for more than 20 new carbon capture and storage opportunities around the world to enable large-scale emission reductions.
The company will rely on over 30 years of experience in CCS technology and was the first company to capture more than 120 million metric tons of CO2, which is equivalent to the emissions of more than 25 million cars for one year.