The Wall Street Journal: Exxon Mobil considers a 2050 ‘net-zero’ carbon pledge

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Exxon Mobil Corp.
XOM,
+1.14%

is considering a pledge to reduce its net carbon emissions to zero by 2050, according to people familiar with the matter, in what would amount to a significant strategic shift by the oil company.

In March 2020, Exxon Chief Executive Darren Woods described ambitious carbon reduction targets made by some European rivals as nothing more than a “beauty competition,” saying the pledges lacked tangible plans to achieve them.