ExxonMobil has released a report that outlines for shareholders how the company assesses and manages risks associated with developing unconventional resources, including through hydraulic fracturing.
Just days after releasing a report on the risks that climate change policies pose to the value of its assets and future profitability, Exxon agreed to report on how it manages fracking risks, including air quality, water, chemical usage and road-damage impacts.
Unconventional natural gas and oil development in the US — including fracking — has resulted in benefits including job creation, reduced carbon dioxide emissions, lower energy costs, new sources of government revenue and improved energy security, the company says. The new report highlights studies that support these trends.
The report presents information on how the application of sound risk management practices that protect human health and the environment can be deployed to continue supporting the benefits of resource development.