Exxon to Slash Gas Flaring 25% by 2020 in Emissions Push
Exxon Mobil Corp. plans to reduce the amount of natural gas it burns as waste by a quarter within two years to reduce climate-changing emissions, something long demanded by environmental groups and activist investors. Efforts will be focused on oil wells off the coast of West Africa, Exxon said in a statement on Wednesday. The practice, known as flaring, has been assailed as wasteful and environmentally harmful on every continent where oil is produced.