Exxon vs the world
The US supermajor is once again under the cosh for its stance on the climate
EXXONMOBIL is feeling the heat from all sides over its climate-change stance. US government prosecutors want to know what the company knew about fossil fuels’ role in climate change and when it knew it, while shareholders want to know how it’s planning for a post-Paris carbon-constrained world. The Los Angeles Times and InsideClimate News published a series of stories last September detailing ExxonMobil’s decades-long history of studying the risks of rising greenhouse gases – studies that showed the oil major at the leading edge of climate science as early as the 1970s. Green activists jumped on the story, identifying an opening to attack their favourite Big Oil foil. The claim is that Exxon
Also in this section
11 August 2025
The administration is pushing for deregulation and streamline permitting for natural gas, while tightening requirements and stripping away subsidies from renewables
8 August 2025
The producers’ group missed its output increase target for the month and may soon face a critical test of its strategy
7 August 2025
The quick, unified and decisive strategy to return all the barrels from the hefty tranche of cuts from the eight producers involved in voluntary curbs signals a shift and sets the tone for the path ahead
7 August 2025
Without US backing, the EU’s newest sanctions package against Russia—though not painless—is unlikely to have a significant impact on the country’s oil and gas revenues or its broader economy
