The American Oil and Gas Company, ExxonMobil has announced that it will end routine gas flaring across all its global upstream operated assets by the year 2030.
The Oil giant said already it has eliminated routine flaring across its West Texas and New Mexico Permian Basin operations in line with the World Bank’s Zero Routine Flaring Initiative.
The multinational in its verified Twitter handle disclosed that it was on track towards achieving next zero flares at all its upstream operations.
“Our plan to reduce operated greenhouse gas emissions intensity includes a 60 – 70percent reduction in corporate-wide flaring intensity by 2030 compared to 2016 levels”, the Coy said.
“We are further reducing flaring in upstream operations and are on track to achieve zero routine flaring across our global upstream operated assets by 2030 in support of the World Bank’s Zero Routine Flaring Initiative”, added ExxonMobil.
“We’ve already accomplished this in the Permian Basin – home to almost half of our net oil and gas production in the U.S.”, stressed the Coy.