As the vast majority of greenhouse gas emissions from the oil and gas industry stem from the consumption of its products, scientists and environmental researchers have slammed the headline-grabbing announcement from the U.S. energy giant as ineffective.
Tuesday that"the net-zero aspiration applies to Scope 1 and Scope 2 greenhouse gas emissions."
"We need to keep our eye on the ball," Donaghy added."The climate system, the laws of physics don't really care about a press release, they care about actual concrete emissions reductions into the atmosphere."The Exxon Mobil Baytown Olefins Plant is pictured on Dec. 23, 2021 in Baytown, Texas., are to limit warming to 1.5 degrees Celsius above pre-industrial levels.
Moreover, while many of the individual climate goals announced by companies and countries continue to use this"net-zero by 2050 language" as a guide, later U.N. data has indicated that the world is already on track to surpass the carbon budget necessary to limit warming to 1.5 degrees Celsius at around 2030.
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