Exxon CEO wants Trump not to pull out of climate agreement

Donald Trump warned not to pull out of Paris climate agreement—by the CEO of oil giant Exxon Mobil
https://fortune.com/2024/11/12/donald-trump-elon-musk-climate-change-paris-agreement-exxon-oil/

Donald Trump’s thumping re-election threatens to upend the business of an industry he’s sworn to protect: Big Oil.

Should his incoming administration follow through on plans to once again pull the United States out of the landmark 2015 Paris climate agreement—as a way to loosen regulations on fossil fuel companies—it could actually end up hurting companies like Exxon Mobil, according to the oil giant’s CEO.

Trump has promised to “drill, baby, drill”, but this constant backtracking on agreed policy has made it difficult for companies with long term investment horizons that can end up stuck with stranded assets—such as oil companies. Woods said it was unhelpful for businesses “to have the pendulum swing back and forth as administrations change”.

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