Exxon and Chevron's new fossil fuel deals vs. long-term spending on initiatives to reduce carbon emissions

This year, each company spent far more on a single new fossil fuel deal than they've committed to spend on lower carbon solutions for the next decade or so.

Chevron's lower carbon spending will take place between 2021-2028; Exxon's will occur between 2022-2027.
Chart: Kyla Mandel Source: Chevron and Exxon 2022 annual reports
TIME