Exxon Chief to Trump: Don’t Withdraw From Paris Climate Deal

Published On Nov 12, 2024, 9:23 AM

Darren Woods, CEO of Exxon Mobil, spoke at a U.N. climate summit, cautioning President-elect Donald Trump against withdrawing from the Paris climate agreement. He emphasized the need for a global framework to manage emissions and suggested that the government should create incentives for companies to transition to cleaner energy. Woods's presence at the summit is notable given the absence of many key leaders, including President Biden and executives from other major oil firms.

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Exxon Mobil's proactive stance in climate discussions and Woods's emphasis on governmental role in energy transition may position the company favorably in the eyes of investors concerned about ESG (Environmental, Social, and Governance) factors. This could lead to potential investments in cleaner energy initiatives that Exxon is likely to pursue.

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