🤯 Have you seen our AI stock pickers’ 2024 results? 84.62%! Grab November’s list now.Pick Stocks with AI

Often-criticized Exxon faces challenge in trying to reset climate perception

Published 06/08/2018, 06:52 PM
© Reuters.  Often-criticized Exxon faces challenge in trying to reset climate perception
SHEL
-
XOM
-
EQNR
-
E
-
BP
-
  • Environmentalists and aid group are urging oil company executives attending a Vatican conference on climate change this weekend to heed Pope Francis’s warnings about global warming.
  • Senior executives of companies including Exxon Mobil (NYSE:XOM), BP, Royal Dutch Shell (LON:RDSa) (RDS.A ,RDS.B), Eni (NYSE:E), Equinor (NYSE:EQNR) and Pemex reportedly will attend.
  • XOM CEO Darren Woods is expected to make the case that the company has become “part of the solution” on climate issues after some of his predecessors adopted a more adversarial stance.
  • Under its new management, XOM is sponsoring ads touting its research into fuels made from algae, pledging to cut its methane emissions 15% by 2020, calling for global action to address climate change, and is beginning to publicly promote a U.S. carbon tax.
  • But XOM will have its work cut out: Woods last week noted the company's algae research program has the “potential” to produce 10K bbl/day of oil by 2025 - less than 0.5% of XOM’s global refining capacity.
  • Now read: Exxon Mobil Is Compelling Here


Original article

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.