What strategies are oil companies like Exxon Mobil implementing t

Exxon Mobil, like other oil companies, is implementing strategies to reduce its GHG emissions. One of the key strategies is the electrification of operations with renewable power, which helps in reducing Scope 1 and Scope 2 emissions. However, Exxon Mobil is also facing pressure from activist investors to accelerate its divestment efforts, which could lead to more strategies being implemented in the future.

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Sustainability Report (Part 2)

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Even oil companies are tracking their GHG emissions now. For example, the oil company Exxon Mobil recently made a pledge to reduce its Scope 1 and Scope 2 emissions through electrification of operations with renewable power. However, other oil companies like Shell, BP and Equinor all made plans to reduce Scope 3 emissions with investments in carbon capture, reforestation, or the sale of hydrocarbon businesses to invest more in renewable sources. Exxon is now a target of activist investors and will likely be pushed harder to accelerate its divestment efforts.

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What role do activist investors play in accelerating divestment efforts in oil companies?

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Activist investors play a significant role in accelerating divestment efforts in oil companies. They apply pressure on these companies to reduce their carbon footprint and transition towards more sustainable and renewable energy sources. They can influence the company's decisions by buying shares and using their position to push for changes in the company's policies and operations. For instance, Exxon Mobil has been a target of activist investors who are likely pushing the company to accelerate its divestment efforts.

How is Exxon Mobil's approach to reducing Scope 1 and Scope 2 emissions different from other oil companies?

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Exxon Mobil's approach to reducing Scope 1 and Scope 2 emissions is primarily through the electrification of operations with renewable power. This is different from other oil companies like Shell, BP, and Equinor, which have plans to reduce Scope 3 emissions. These companies are investing in carbon capture, reforestation, or the sale of hydrocarbon businesses to invest more in renewable sources. Exxon Mobil is now a target of activist investors and will likely be pushed harder to accelerate its divestment efforts.

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What strategies are oil companies like Exxon Mobil implementing to reduce their GHG emissions?

Sustainability Report (Part 2)

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