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ExxonMobil Climate Strategy

Exxon Mobil, the largest Western oil major. The firm has historically been less enthusiastic than rivals about taking climate change seriously. But a shareholder revolt last May placed three green-tinted directors on its board. On January 18th Mr Woods unveiled the firm’s long-awaited update to its climate strategy. “Is society sincere in its desire for a lower-emissions future?” asked the veteran oilman when pressed on the thinking behind the plan. It is, he says. “And so are we.” Evidence for this lies in a newfound willingness to commit to hard targets for cutting greenhouse-gas emissions. Do you think that the climate strategies are not just in papers ?

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