EXXON OUTLINES ITS STEPS TO REDUCE HARMFUL METHANE EMISSIONS
AppleMagazine|March 06, 2020
Exxon Mobil outlined how it is reducing the methane its operations release into the atmosphere, detailing its efforts as governments around the globe write new rules to regulate the harmful greenhouse gas.

The oil and gas giant is seeking to influence the way those rules are written, hoping companies and regulators adopt the procedures Exxon says helped reduce methane emissions by 20% in some of its U.S. drilling operations over the past two years.

“Our industry has developed high-tech advances to curb emissions, and we also hope this framework will be helpful for governments as they develop new regulations,” said Darren Woods, chairman and CEO of Exxon, in a statement accompanying a document outlining Exxon’s procedures for reducing methane emissions.

Some environmental advocates see Exxon’s move as a rebuke of President Donald Trump’s Environmental Protection Agency, which in August proposed relaxing regulations on methane emissions. But they also said Exxon needs to be much more aggressive in its efforts to curtail global warming.

“The steps Exxon Mobil has taken and the commitments the company announced are nowhere near sufficient to get us there,” said Kathy Mulvey, accountability campaign director at the Union of Concerned Scientists. “We need to see much more ambitious and urgent actions taken by companies like Exxon Mobil.”

Continue reading your story on the app

Continue reading your story in the magazine

MORE STORIES FROM APPLEMAGAZINEView All

MANY SCIENTISTS BACK BIDEN'S MOVE TO TAP OIL RESERVE

Democrats and climate activists generally supported President Joe Biden’s decision to release a record 50 million barrels of oil from America’s strategic reserve, even as the move appeared to contradict his long-term vision of combating climate change.

4 mins read
AppleMagazine
November 26, 2021

APPLE SUING ISRAELI HACKER-FOR-HIRE COMPANY NSO GROUP

Apple announced it is suing Israel’s NSO Group, seeking to block the world’s most infamous hacker-for-hire company from breaking into Apple’s products, like the iPhone.

2 mins read
AppleMagazine
November 26, 2021

3 TIMES YOU NEED MONEY ADVICE FROM A HUMAN

You can now manage most aspects of your money without ever consulting another human being. You can budget, borrow, save, invest, buy insurance, prepare your tax return and create a will — among many other tasks — by using apps, websites and software.

4 mins read
AppleMagazine
November 26, 2021

DISNEY'S ANIMATED ‘ENCANTO' EFFORTLESSLY ENCHANTS

Mirabel is extraordinary, in that when it comes to her family, she is totally normal.

3 mins read
AppleMagazine
November 26, 2021

DOORDASH'S TECHNOLOGICAL KNOW-HOW OFFERS HELP TO FOOD BANKS

Susan Goodell needed help. In the early days of the COVID-19 pandemic, Goodell, CEO of the El Pasoans Fighting Hunger Food Bank, would look out the window at the long line of clients picking up the food available that day, while she and others answered calls from others who couldn’t travel to a distribution point.

4 mins read
AppleMagazine
November 26, 2021

EL SALVADOR TO BUILD CRYPTO-FUELED ‘BITCOIN CITY'

In a rock concert-like atmosphere, El Salvador President Nayib Bukele announced that his government will build an oceanside “Bitcoin City” at the base of a volcano.

2 mins read
AppleMagazine
November 26, 2021

Do It Yourself

Apple opens a new era for device repairs

6 mins read
AppleMagazine
November 26, 2021

SAMSUNG EXPECTED TO BUILD $17B CHIP FACTORY IN TEXAS

Samsung is planning to build a $17 billion semiconductor factory outside of Austin, Texas, amid a global shortage of chips used in phones, cars and other electronic devices.

4 mins read
AppleMagazine
November 26, 2021

NYC AIMS TO BE FIRST TO REIN IN AI HIRING TOOLS

Job candidates rarely know when hidden artificial intelligence tools are rejecting their resumes or analyzing their video interviews. But New York City residents could soon get more say over the computers making behind-the-scenes decisions about their careers.

4 mins read
AppleMagazine
November 26, 2021

TOO MANY OLD GHOSTS MAR ‘GHOSTBUSTERS: AFTERLIFE'

“Ghostbusters: Afterlife” — the direct cinematic follow-up to 1984 classic — is haunted, of course. But not in a good way.

3 mins read
AppleMagazine
November 26, 2021
RELATED STORIES

Engine No. 1's Grancio: ‘People Will Appreciate an Economic Argument'

ENGINE NO. 1 sent shock waves across corporate America in May when the fledgling investment firm won a boardroom battle with Exxon Mobil Corp., securing three seats on the oil and gas giant’s board after purchasing only about $40 million of its stock.

6 mins read
Bloomberg Markets
October - November 2021

Wind of Change

Public companies are struggling to embrace stakeholder capitalism. Can a new breed of activist investor help?

7 mins read
Fast Company
September 2021

Great Goofs

Laughs and lessons from our readers

2 mins read
Family Handyman
June 2020

The Humbling of Exxon

Years of miscalculation turned a juggernaut into just another middling company. And that was before the pandemic

10+ mins read
Bloomberg Businessweek
May 04, 2020

Shell Is Looking Forward

The fossil-fuel companies expect to not just survive climate change but profit from it.

10+ mins read
New York magazine
March 2–15, 2020

Why Alaskans Can't Get Alaskan Natural Gas

A plan to tap reserves on the far-flung northern coast of Alaska is expected to produce about 80 million tons of liquid natural gas (LNG) over the next 20 years—but thanks to a protectionist shipping law, it’s likely that Americans won’t have access to a single drop.

2 mins read
Reason magazine
February 2020

A Big Step for the Sky Vacuums

Companies are bringing down the cost of a controversial weapon against climate change

4 mins read
Bloomberg Businessweek
December 23, 2019

ExxonMobil looks at picking up stake in ONGC's deep sea fields

GLOBAL OIL MAJOR ExxonMobil is looking to buy a stake in some of the local deepwater fields of Oil and Natural Gas Corp (ONGC), oil secretary Tarun Kapoor said on Friday.

1 min read
Financial Express Mumbai
October 23, 2021

How To Level The Playing Field Once And For All Guest View

Shiseido Asia-Pacific and ExxonMobil Asia-Pacific recently appointed its first female president and CEO, and chairman and managing director, respectively. In April, OCBC Bank welcomed its first female group CEO — the first woman to head a Singaporean bank. With these recent strides towards women snagging top positions, 2021 is certainly shaping up to be an empowering year for females.

4 mins read
PORTFOLIO Magazine
May 2021

‘Mobil DTETM 20 Ultra delivers next-level performance, a game-changer among hydraulic oils'

Launched first in India, ExxonMobil’s cutting-edge lubricant Mobil DTE™ 20 Ultra Series offers up to 2X oil life and significantly boosts productivity, while reducing equipment failure

4 mins read
ET Polymers
February - March 2021