Exxon Plans to Zero Out Emissions from Operations by 2050 (2)

Exxon Mobil Corp. announced an “ambition” to eliminate some greenhouse gas emissions by 2050 in the oil giant’s first such long-term pledge to curb carbon output.

Over the next two years, Exxon will develop roadmaps for its crude refineries, chemical plants and other facilities to eliminate so-called Scope 1 and 2 emissions, the company said in a statement on Tuesday. The plan, however, excludes carbon spewed when customers use Exxon products such as gasoline and jet fuel, or Scope 3 emissions that comprise the bulk of oil-industry pollution.

Although Exxon’s pledge falls short of those made by European peers like ...