The world’s top oil and gas companies are under heavy pressure from investors and climate activists to meet the 2015 Paris climate goal of limiting global warming to below 2 degrees Celsius from pre-industrial levels.
On Thursday, Church Commissioners for England joined growing investor campaigns that demanded changes at Exxon and backed calls for a board refresh and development of a strategy for the U.S. oil company’s transition to cleaner fuels.
Exxon on Monday said it would reduce the intensity of operated upstream greenhouse gas emissions by 15% to 20% by 2025, compared to 2016 levels.
The reduction would be supported by a 40% to 50% decrease in methane intensity and a 35% to 45% decrease in flaring intensity across Exxon’s global operations, the company said.
Source: Economy - investing.com
