Exxon CEO says Trump should keep U.S. involved in global effort to address climate change
Publishing timestamp: 2024-11-12 11:01:24
Summary
Exxon CEO Darren Woods believes the U.S. should continue to influence global climate change policy under a second Trump administration, despite Trump's expected withdrawal from the Paris climate agreement. Woods warned that Exxon's investments in carbon capture technologies could change if federal tax incentives are weakened. Exxon plans to invest in technologies to lower emissions, but this depends on the availability of tax credits. Exxon's production levels are based on financial returns to shareholders, not political party in office.
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Keywords: donald trump, exxon mobil corp, breaking news: markets, markets, climate, energy, joe biden, oil and gas, business news,