December 6, 2021 3:00 PM, EST

Exxon Pledges to Zero Out Some Permian Basin Emissions by 2030

Exxon stationAndrew Harrer/Bloomberg

[Stay on top of transportation news: Get TTNews in your inbox.]

ExxonMobil Corp. pledged to zero out some greenhouse gas emissions in North America’s biggest oilfield by the end of the decade.

The largest U.S. crude explorer said it’ll reach net-zero air pollution from its Permian Basin wells, processing plants and other infrastructure — known as Scopes 1 and 2 emissions — by the end of 2030, according to an announcement Dec. 6. The target leaves untouched Scope 3 pollution emanating from consumer use of Exxon-made fuels and other products.

The company plans to achieve the Permian reductions by adopting low-carbon electricity sources, slashing natural gas flaring, and expanding efforts to detect methane leaks, according to the statement. Exxon also plans to use emissions offsets.

Want more news? Listen to today's daily briefing below or go here for more info: