Under pressure from investors, Exxon Mobil is reportedly considering a pledge to slash its net carbon emissions to zero by 2050. The Wall Street Journal said Thursday the largest U.S. oil company plans to unveil a series of strategic moves on environmental and other issues before the end of 2021.
Exxon did not immediately respond to Reuters’ request for comment.
The report comes just months after a hedge fund’s nominees gained three seats on Exxon’s board, promising to better prepare the company for a low-carbon world.
Just last week, CEO Darren Woods said the company had begun working with its new directors to thoroughly review its businesses.
Last month, Exxon and other top energy firms set goals to cut greenhouse gas emissions as a proportion of output. But Exxon’s plan has lagged those of its European rivals, some of whom have pledged to cut emissions from products sold in their plans.
Exxon shares rose in early trading Thursday.