Tomlinson: Exxon Mobil CEO’s doublespeak reveals climate quandary facing Big Oil: how to survive?
He added that Exxon’s investment to reduce emissions of methane, the main component of natural gas, pays for itself because the saved gas is sold.,
For all of Woods’ talk about leading the energy transition, he’s still committed to growing oil production, not reducing it. Exxon plans to produce 1 million barrels a day from the Permian in 2027. He’s also committed to increasing Exxon’s plastics business.
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