Oil Companies Plan to Take the Road Already Traveled
Union of Concerned Scientists
JANUARY 30, 2023
Overstating low carbon investments ExxonMobil pledges to increase its investment in “lower-emission initiatives” to approximately $17 billion through 2027, according to the report. Instead, ExxonMobil prefers a method called the Life Cycle Approach, which gives credit for “negative emissions” technologies like CCS and reforestation.
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