Exxon Mobil promises zero net emissions in the Permian basin by 2030


Exxon Mobil is taking an important first step. It announced plans to achieve net greenhouse gas emissions in the Permian basin by 2030. This oil-rich region stretches across western Texas and southeastern New Mexico and is currently the largest source of methane. of the country.

“This announcement really underscores the position the Permian will hold going forward as companies and manufacturers all seek to reduce emissions, as they seek to attract more methane to sell to humans. consumption and as we usher in a cleaner era, says McEntrye.

Exxon Mobil is planning to electrify its operations with low-carbon energy sources such as wind and solar, improve its methane detection system, and completely eliminate a conventional flare by the end of the year. next year – something New Mexico state leaders have been aiming for with new regulations.

Adrienne Sandoval, Director of the Oil Conservancy, said: “It is great to see an operator taking the lead and showing that I think our rules are working as intended, they are motivating the operators. executives implementing changes in their practices”.

Exxon Mobil predicts all of these changes will reduce greenhouse gas emissions by at least 40 percent compared with just five years ago.

State leaders hope to see more companies take the lead, but say tighter regulations are still the best way to ensure a greener future.

“Smaller companies may lead some of the larger ones, but at the end of the day here in New Mexico, all the companies will be on the same playing field, because they all have to meet 98. % of gas. by the end of 2026,” said Sandoval.

Industry leaders know this is not something they should wait for.

“Companies are committed to New Mexico, they are committed to the Permian Basin, and they are committed to a future of lower emissions, reducing emissions, and ultimately allowing New Mexico to continue to lead as we into this low-lying area, McEntrye said.

https://www.kob.com/albuquerque-news/exxon-mobil-promises-net-zero-emissions-in-permian-basin-by-2030/6331585/?cat=500 Exxon Mobil promises zero net emissions in the Permian basin by 2030

Yasmin Harisha

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