ExxonMobil Chairman Highlights Commitment to Meeting Growing Energy Demand

He highlighted ExxonMobil actions to increase energy efficiency in the short-term, advance current emission-reducing technologies in the medium-term, and develop breakthrough technologies in the long term. Citing ExxonMobil’s long standing commitment to energy efficiency, he said that steps the corporation has taken since 1999, resulted in the avoidance of 12 million tonnes of greenhouse gas emissions in 2006 alone which is the equivalent to taking about two million U.S. cars off the road.

In describing ExxonMobil’s work with partners, Tillerson reported that the company is working on an innovative fuel system using liquid hydrocarbon fuels to generate hydrogen onboard vehicles, potentially reducing emissions without the need for a dedicated hydrogen distribution infrastructure. “We still have a long road ahead, but our progress in making hydrogen-fueled vehicles commercially viable is encouraging.”

businesswire