Oil giant ExxonMobil has expressed opposition to President-elect Donald Trump's plans to withdraw from the Paris climate agreement. A spokesperson for the company emphasized the potential negative impacts of a second U.S. exit from the agreement on both domestic emissions reduction efforts and global initiatives to address climate change.
ExxonMobil advocates for policies that consider factors such as security, affordability, reliability, and environmental stewardship, rather than drastic changes that could impede current progress. The company's CEO, Darren Woods, highlighted the importance of maintaining stability and certainty in climate policies.
During interviews at the United Nations climate summit, Woods underscored the significance of government incentives to facilitate the transition of fossil fuel companies towards cleaner energy sources. He emphasized the need for a consistent and supportive regulatory environment to drive effective industry transformation.
ExxonMobil was supportive of President Joe Biden's decision to rejoin the Paris climate agreement in 2021, reflecting the company's commitment to participating in global climate action efforts. Woods criticized the disruptive nature of policy reversals, citing inefficiency and increased uncertainty for businesses.
As reports indicate that Trump's transition team is preparing to withdraw the U.S. from the Paris Climate Agreement once again, ExxonMobil's stance underscores the importance of policy continuity and long-term planning in addressing climate challenges. The company's position aligns with calls for stable and supportive government policies to drive sustainable energy transitions and combat climate change effectively.
