Four oil executives appeared before the committee
Oil majors say fossil fuels still needed in US committee hearing
ExxonMobil, Chevron, Shell and BP executives support Paris Agreement but say fossil fuels will be required for some time
The CEOs of four oil and gas majors admitted that climate change represents an existential threat to the planet in a landmark hearing in the US Committee on Oversight and Reform on Thursday. Darren Woods, CEO of ExxonMobil; Michael Wirth, CEO of Chevron; David Lawler, CEO of BP America; Gretchen Watkins, president of Shell Oil; Mike Sommers, president of trade association the American Petroleum Institute (API) and Suzanne Clark, president and CEO of the US Chamber of Commerce were all questioned by the committee on their positions on climate change. All four oil company executives admitted that climate change was real and needed addressing. But they insist that fossil fuels had played a key
Also in this section
19 December 2024
The utility-scale battery energy storage system market is evolving rapidly, with diverse offtake models emerging to offer bespoke, flexible contracting solutions
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
