ExxonMobil Makes New Carbon Reduction Commitment That Experts Call “Underwhelming”

ExxonMobil Makes New Carbon Reduction Commitment That Experts Call “Underwhelming”

With investors who hold hundreds of millions in ExxonMobil stock pressuring it to improve its performance on climate change and invest more in clean energy, the Company announced a new five-year plan today. According to Axios, experts said it’s not clear how much actual emissions might fall under the new plan.

Why This Matters:  Weak sauce from a weak company.  The ExxonMobil plan consists of only a few half measures — it falls far short of the industry standard set by ConocoPhillips, Occidental Petroleum, BP, and Shell, which have all pledged to have “net zero” emissions in the 2050 time frame. 

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Shareholders Persuade Glencore To Put a Cap on Coal

Shareholders Persuade Glencore To Put a Cap on Coal

An activist group, Climate Action 100+ along with the Anglican Church, successfully urged the multinational commodities firm Glencore to cap at current levels the amount of coal it extracts, which is projected to be 145 million metric tons.  The Company made the announcement saying, “As one of the world’s largest diversified mining companies, we have a key role in enabling the transition to a low carbon economy.”  

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