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Unleashing Innovation To Meet our Energy and Environmental Needs | ExxonMobil Page 9 of 12<br />

To build on these types of successes and make progress around the<br />

globe, it is important for leaders from every sector of society to reflect on<br />

the specific roles and strengths that government and industry can bring<br />

to this cooperative effort.<br />

Industry must build and maintain public trust by continuing to operate<br />

with safety and integrity and a <strong>comm</strong>itment to responsible environmental<br />

stewardship.<br />

We have proven that with the right policies in place, the competition and<br />

cooperation that are inherent to free markets will spur us to invest and<br />

innovate, creating integrated solutions that improve the production and<br />

use of energy at every step in the value chain.<br />

At ExxonMobil, we are working to do our part to reduce emissions and<br />

increase our own energy efficiency, reduce flaring volumes, and deploy<br />

proven technologies like cogeneration of steam and electric power.<br />

We are also a global leader in carbon capture and sequestration.<br />

ExxonMobil now has a working interest in more than one-third of the<br />

world's current CCS capacity, and we captured more than 6 million<br />

metric tons of carbon dioxide for sequestration last year alone. This is the<br />

equivalent of eliminating the annual greenhouse gas emissions of more<br />

than 1 million passenger vehicles.<br />

In addition, we are collaborating in research and development into<br />

revolutionary ways to make carbon capture and sequestration more<br />

affordable and <strong>comm</strong>ercially viable.<br />

App. 830<br />

http://corporate.exxonmobil.com/en/company/news-and-updates/speeches/unleashing-innov... 8/1/2016

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