Exxonmobil Paris Agreement

ExxonMobil and the Paris Agreement: What You Need to Know

The Paris Agreement, an international accord aimed at limiting global warming, has been making headlines since its signing in 2015. One major player in this agreement is ExxonMobil, one of the largest oil and gas companies in the world. Here`s what you need to know about ExxonMobil and the Paris Agreement.

ExxonMobil`s Stance on the Paris Agreement

ExxonMobil has publicly expressed support for the Paris Agreement. In a statement released in 2017, the company said, “We support the Paris Agreement as an effective framework for addressing the risks of climate change.” The company also pledged to reduce its methane emissions and invest in lower-emission technologies.

However, critics argue that ExxonMobil`s actions don`t align with its stated support for the Paris Agreement. A report released in 2019 by the International Energy Agency found that ExxonMobil was the largest emitter of methane in the United States oil and gas sector.

ExxonMobil`s Role in the Trump Administration`s Withdrawal from the Paris Agreement

In 2017, President Trump announced that the United States would withdraw from the Paris Agreement. ExxonMobil was one of the few major oil companies to publicly support the decision.

However, ExxonMobil later made headlines when it urged the Trump administration to stay in the agreement. In a letter to the Trump administration, the company said that staying in the agreement would allow the United States to “maintain its seat at the table and advance its interests.”

Critics argue that ExxonMobil`s public support for the Paris Agreement was simply a PR move, and that the company has actively worked to undermine efforts to combat climate change. In 2018, a report by the Union of Concerned Scientists found that ExxonMobil had misled the public about the risks of climate change for decades.

What Does the Future Hold for ExxonMobil and the Paris Agreement?

The future of ExxonMobil and the Paris Agreement is uncertain. While ExxonMobil has publicly expressed support for the agreement, critics argue that the company`s actions don`t match its words. As pressure to address climate change continues to grow, ExxonMobil will likely face increased scrutiny from the public and policymakers.

In Conclusion

ExxonMobil`s stance on the Paris Agreement has been a subject of debate and controversy. While the company has publicly expressed support for the agreement, critics argue that its actions don`t align with its words. As the world continues to grapple with the impacts of climate change, it remains to be seen how ExxonMobil and other major oil companies will respond.

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