Developing the technology to tackle climate change is a big job. It’s a challenging one too. But as mankind has proven again and again, teamwork is the key to successfully taking on challenging and complex problems. Teamwork, and top-flight scientific ingenuity.
Winning on climate change whilst making sure the world has the energy it needs to keep our lights on, our houses warm, and our cars on the road is ExxonMobil’s priority. That’s why we’ve joined the Oil and Gas Climate Initiative (OGCI).
A voluntary, CEO-led initiative, OGCI is a group of 13 of the world’s largest oil and gas companies. Formed to help its members work together and share valuable scientific, technical and practical knowledge – it’s a collective effort to reduce greenhouse gas emissions and find solutions to climate change.
Since 2000, ExxonMobil has spent more than $9 billion on developing higher-efficiency, lower-emission energy solutions. Earlier this year, we announced initiatives to lower greenhouse gas emissions from our operations by 2020. OGCI provides another opportunity to build on those actions, and get to solutions faster.
ExxonMobil’s work with OGCI will focus on developing practical and affordable solutions in key areas of climate change mitigation – including carbon capture and storage, reducing methane emissions, and improving energy and transportation efficiency.
No one organization has all the answers we need to tackle climate change. “It will take the collective efforts of many in the energy industry and society to develop scalable, affordable solutions that will be needed to address the risks of climate change,” said Darren Woods, chairman and chief executive officer of ExxonMobil.