Energy & Science
U.S. Oil Majors Are Snubbing Climate-Conscious Rivals in Europe
- Exxon CEO calls push to cut CO2 a ‘beauty competition’
- His comments echo remarks from Chevron’s chief executive
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Don’t count on America’s oil giants to join their rivals across the pond in ambitious efforts to cut carbon dioxide emissions.
On Thursday, Exxon Mobil Corp. Chief Executive Officer Darren Woods dismissed the long-term pledges from Europe’s top crude producers as nothing more than a “beauty competition” that would do little to halt climate change. His comments echo those of Chevron Corp. CEO Mike Wirth earlier this week.