WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 75
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ExxonMobil is innovating new technology across multiple
disciplines, including carbon capture, direct air capture (DAC),
Hydrogen, and Lithium. “We plan to invest more than 20
billion dollars in lowering emissions between 2022 and 2027,”
Maxwell said. “About half of that investment is intended to
reduce emissions from our own operated assets. The balance
is reducing emissions from other companies. We are delivering
on both sides of the ‘AND’ equation.”
Wade Maxwell
“Alternate sources of energy like solar and wind are
playing an increasing role in the global energy mix.
However, under most credible scenarios, including
the net zero pathways, oil and gas will continue to
play a significant role for decades to come. With that
in mind, we are continuing to work in multiple areas
to meet the needs of society today for reliable and
affordable energy products while working to reduce
our own greenhouse gas emissions as well as helping
others do the same. That’s the ‘AND’ equation.”
HOME
Which net zero
pathway are we on?
Vice President, Engineering
WEMO 2024
In a keynote address at the 2024 ARC Forum, Wade
spoke about ExxonMobil’s efforts towards energy
transition. He introduced “the AND equation”.
https://www.automation.com/en-us/articles/may-2024/
the-and-equation-exxonmobil-energy-transformation
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