ExxonMobil, the fifth-leading producer of greenhouse gas emissions in the world from 1880 to 2010, has been planning since 2018 to raise its yearly carbon dioxide emissions by as much as 17% by 2025, according to internal documents reviewed by Bloomberg. The news comes in stark contrast to efforts to slow down the pace of global warning—and amid several of ExxonMobil’s competitors, including BP Plc and Royal Dutch Shell Plc, announcing plans to reach net-zero emissions.
Despite the onus put on consumers to reduce their carbon footprints, just 90 companies around the world have been responsible for nearly two-thirds of greenhouse gas (GHG) emissions from 1880 to 2010, according to a 2017 Climate Change study by Brenda Ekwurzel of the Climate & Energy Program at the Union of Concerned Scientists and a team of researchers.
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