3 sources·Business

Exxon CEO Urges Trump to Maintain U.S. Commitment to Paris Climate Agreement

Darren Woods, CEO of ExxonMobil, advises President-elect Trump to keep the U.S. in the Paris Agreement amidst impending policy shifts.

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Updated: Nov 12th, 2024, 4:01 PM ET

Summary

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In light of President-elect Donald Trump's anticipated policy changes regarding climate agreements, ExxonMobil CEO Darren Woods has advised against withdrawing from the Paris Climate Accord. Woods emphasized the importance of U.S. participation in global climate negotiations, citing potential disruptions caused by an exit. While Exxon plans significant investments in emission-reducing technologies, Woods warns that these efforts hinge on favorable federal tax incentives, which may be jeopardized by the new administration's policies. The oil and gas industry prepares for a volatile policy environment as Trump critiques prior climate actions.

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Exxon CEO Urges Trump to Maintain U.S. Commitment to Paris Climate Agreement - Pano News