) will still be producing oil and gas in 2050, the energy company's CEO told Yahoo Finance on Monday, but fossil fuels will likely be a smaller part of the business.
Darren Woods, Chairman and CEO, Exxon Mobil Corporation speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 6, 2024. REUTERS/David Swanson"The products that we make in 2050 may be very different than the products that we make today," said Woods. He cited for instance a resin material derived from fuel molecules which can be used to replace the reinforcing bars commonly used in construction projects.
"We're taking their 2050 net zero pledge and converting it into a '35 net zero plan and so that's good for the US economy, good for US consumers, good for US energy security and good for the environment," said Woods."What we got to do is open the aperture and find every companies' and industries' ability to reduce emission and do it in a constructive way," he said.
More climate-warming methane leaks into the atmosphere than ever gets reported – here’s how satellites can find the leaks and avoid wasting a valuable resource
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