ExxonMobil is planning to increase carbon-dioxide emissions by 17 percent by 2025, according to internal documents obtained by Bloomberg News,.
The amount is equal to extra 23 million tons of carbon dioxide annually, or the entire output of Greece - but it only accounts for emissions from Exxon's oil and gas production.
The added emissions do not include carbon dioxide from the millions of gas-powered vehicles it fuels, which would quintuple that output to 100 million tons of additional carbon dioxide.
Exxon's 'growth plans will continue to include meaningful emission mitigation efforts,' the company said, mostly via carbon capture initiatives.
Leaked documents indicate ExxonMobil has been planning to increase greenhouse gas emissions 17 percent by the year 2025. That's equal to extra 23 million tons of carbon dioxide, or the entire output of Greece
Those efforts are already factored into the 17 percent increase, Bloomberg reports.
Unlike its competitors, Exxon hasn't made any pledges of carbon reduction or neutrality.
Both BP and Shell have announced they're aiming for net-zero emissions by 2050, with the former setting a target of 30 to 35 percent reduction within the next decade.
In March, Exxon CEO Darren Woods dismissed those efforts as window dressing.
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'Individual companies setting targets and then selling assets to another company so that their portfolio has a different carbon intensity has not solved the problem for the world,' Woods said. Exxon is focused on 'taking steps to solve the problem for society as a whole and not try and get into a Beauty competition.'
Exxon halted drilling and refining projects when prices plummeted in April, but with an intention of restarting later, rather than canceling them.
The leaked internal report calls for the production of a million more barrels of oil a day, the equivalent of nearly 158 million tons of carbon dioxide a year.
The emissions projections are 'an early assessment that