Leaked Documents Reveal ExxonMobil Plans to Increase Carbon Emissions 17% by 2025
According to leaked documents first reported on by Bloomberg, oil giant ExxonMobil (NYSE: XOM) plans to increase carbon dioxide emissions over the next five years by 17%, more than the current emissions of the entire country of Greece.
The plan puts Exxon at odds with many of its peers, including fellow oil majors Royal Dutch Shell (NYSE: RDS.A)(NYSE: RDS.B) and BP (NYSE: BP), both of which are targeting net-zero carbon emissions by 2050. BP recently unveiled a plan targeting a 30% to 35% reduction in carbon emissions by 2030.
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Source Fool.com