Posted on 11/12/2024 6:50:32 AM PST by Oldeconomybuyer
President-elect Donald Trump should keep the U.S. involved in global efforts to address climate change, Exxon Mobil CEO Darren Woods said Tuesday.
Trump should try to bring a “common sense” approach to the annual U.N. Climate Change Conference and “continue to have the U.S. influence policy around the world,” Woods told CNBC Tuesday. Woods spoke from the climate conference, which kicked off this week in Baku, Azerbaijan.
Exxon has plans to invest $20 billion through 2027 in carbon capture and storage technology, hydrogen fuel, and lithium mining in the U.S. for electric vehicle batteries.
Woods told CNBC on Tuesday that Exxon’s investments in technologies to lower emissions depend on federal tax credits that were established or expanded under the IRA. He warned that the company’s investments in these technologies would change if the incentives are weakened or repealed.
“There needs to be an incentive to reward those investments and generate a return,” Woods said. “If we find that those incentives dissipate or go away entirely, then that would definitely change our investment plans.”
Wood previously said Exxon’s oil and gas production levels will not change, at least in the short term, in response to the outcome of the U.S. presidential election.
(Excerpt) Read more at cnbc.com ...
Take it up with China and India.
Trump’ll get involved, all right. Not in the way that the corrupt climate pushers expect, though. He’ll listen to real scientists, not liberals.
A middle finger to the “climate change” kooks is all the “influence” we need.
If the Exxon CEO wants to end climate change, he needs to shutdown Exxon.
Kissing the butt of his globalist leaders…
All the more reason to impose huge tariffs on China, Darren.
It’s not possible to bring “common sense” into a Climate Change discussion. And that’s because the true believers will not listen to reason, or to other viewpoints. And debate about the issue? Not permitted!
I don’t know what the Exxon CEO’s angle is here. But this is one instance when he should have kept his mouth shut.
Drill and build nuclear plants. Can windmills and most industrial solar.
Exxon is investing a lot of money in the green charade, and now they are worried they’ll not get the return they hoped for.
The Climate Fairy wants oil to be expensive.
He’s the CEO because he knows the right words to say at the right time with the right people. What he thinks is something else. You gotta play the game.
Telling the climate alarmists what they want to hear while making no changes in production. I’m OK with that.
What happen to Exxon ? DEI hire CEO ?
He’s afraid of the carbon subsidies drying up.
Shut up and drill.
I don’t think the last Exxon CEO, Rex Tillerson, who was in Trump’s cabinet, did him any favors.
Virtue signaling at its best
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.