advancing climate solutions - 2022 progress report, july update

Advocating for clear and consistent government policies

Sustainable solutions

Sound government policies are needed to accelerate the deployment of key technologies at the pace and scale required to support a net-zero future.

Supportive policies can provide direct investment and incentives in the same way they have accelerated growth for wind, solar and electric vehicles. 

ExxonMobil has long supported an explicit price on carbon to establish market incentives and provide the stability required for investments.

In the absence of economy-wide carbon-pricing systems, well-designed, sector-based policy options to drive innovation and investment could also be an effective way to reduce emissions. The Company has also played a leadership role in advocating for high-impact policies to reduce methane emissions from oil and gas operations while implementing methane-reducing technologies and processes in our operations.