ExxonMobil is at a crossroads as climate crisis spurs clean energy transition

ExxonMobil is at a crossroads as climate crisis spurs clean energy transition

ExxonMobil is one of the most consequential and profitable companies in U.S. history. For more than a hundred years, the company's oil and gas have helped power the global economy. But the ExxonMobil of today faces the seemingly opposing priorities of supplying the world with abundant energy and also drastically reducing its carbon footprint to help stave off climate disaster. With unprecedented access to company executives, workers, and facilities, David Faber explores whether ExxonMobil is serious about taking on global warming and how its actions match up with its words. A shareholder rebellion For decades, ExxonMobil's insular corporate culture helped keep the company somewhat shielded from outside influence. But in 2021, ExxonMobil chairman and CEO Darren Woods faced a rebellion from his board. First, giant hedge fund D.E. Shaw got …
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