User:Forest gump egg/ExxonMobil

Environmental Impacts
Exxon is a gas-producing company and one of the largest in the world, due to this early on they have had problems with climate change that range from its oil spills to the overall business of extracting gas. However, as of late, they have been aiming to combat this issue and help climate change even though their business is catering to the ongoing demand for gas.

Demand and Supply for Exxon
By the year 2030, California wants to only have electronic cars which would halter Exxon. At the same time, the government expects our gas intake and demand to keep increasing year after year which means they have to increase their supply and production. When the price of a barrel dropped from 100 to 30 dollars the demand went through the roof and they had so much supply that they had to ramp up production. By doing so they extracted a lot more gas a lot more expensive so that people wouldn't use it as much which would halt the production by Exxon and other companies therefore helping climate change and making it more preventable. The Oil and Gas industry will always hurt climate change as it is just part of their job and while they can make a less harmful impact, they will always be fighting something unless the demand decreases dramatically halting production.

Not attainable at Current State
Another stat was the emissions of gas the government wants it to be 11 percent by 2035 but they expect it to be 26 percent if we continue at this rate. Therefore, this number is not attainable with the current state of how companies like Exxon work, and demand keeps increasing. The push for electric cars and less gas dependence isn't doing much to help these expectations aren't real as the projections are more than double. Exxon will keep up with the demand even if it tries to be more energy dependent as that is what their company does, no matter what it will still emit fossil fuels as they are a gas company.

Exxon Oil spills are less and less
In the earlier years of Exxon, they had several oil spills that contributed to climate change as the water was contaminated and therefore had horrible effects on marine life. However, as time has gone on Exxon has made a push to try to limit these disasters and if they do happen the negative effects are limited as they are aware of the issues. They are now using liquified natural gas as part of their production which doesn't affect climate change

What Exxon is doing now
Exxon is currently using more liquified natural gas as it is a less harmful product than regular gas. The Natural Gas Act was amended, and it required the government which made the US Department of Energy to make sure that LNG exports remain in the national interest. This is under the government as they look seriously into LNG and have realized that this is a much healthier way to combat it and so are the companies themselves as they are extracting it at higher levels. By displacing coal, LNG saves 550 g CO2-equiv per kWh of electricity and 20 g per MJ of heat. LNG saves GHGs under upstream fugitive emissions rates up to 9% and 5% for electricity and heating, respectively. GHG reductions were found if Russian pipeline natural gas was displaced for electricity and heating. This is a great way for Exxon and other companies within their industry to create a more sustainable product and to help the climate while still conducting their business.