Climate Changed
Exxon CEO Sees Laboratory Experiment Unlocking Key to Carbon
- Effort will focus on novel science to cut carbon emissions
- Oil major pledges $10 million a year for a decade of study
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For Darren Woods, Exxon Mobil Corp.’s chief executive officer, the answer to climate change won’t be found in solar panels or high-profile global accords, but rather in a U.S. government laboratory.
At a time when environmentalists want Exxon to leave more oil and gas in the ground, Woods is pressing an alternative strategy. He wants to explore the “fundamental science” behind climate change for a way to cut carbon emissions without forcing consumers “to give up the use of energy, and give up their standards of living.”