Exxon minimized climate change internally after conceding that fossil fuels cause it

  • 📰 KPBSnews
  • ⏱ Reading Time:
  • 79 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 35%
  • Publisher: 63%

United Kingdom United Kingdom Headlines News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

The Wall Street Journal reported Thursday that as recently as 2016, Exxon executives were privately pushing back on the idea that humans need to cut their use of oil and gas to limit global warming.

span Rex Tillerson's tenure as the company's chief executive from 2006 until 2016.

Richard Wiles, president of the Center for Climate Integrity, a group that is trying to hold fossil fuel companies accountable for their role in driving climate change, says the documents obtained by"As communities pay an ever-greater price for our worsening climate crisis, it's more clear than ever that Exxon must be held accountable to pay for the harm it has caused," Wiles said in a statement.

By the late 1980s, concern was growing domestically and overseas that fossil fuel use was heating the planet, increasing the risks of extreme weather. In response, thereported, Exxon executive Frank Sprow sent a memo to colleagues warning that if there were a global consensus on addressing climate change,"substantial negative impacts on Exxon could occur.", Sprow wrote:"Any additional R&D efforts within Corporate Research on Greenhouse should have two primary purposes: 1.

A few years after the memo, Exxon became the architect of a highly effective strategy of climate change denial that succeeded for decades in politicizing climate policy and delaying meaningful action to cut heat-trapping pollution. An Exxon spokesperson said in an emailed statement that the company has repeatedly acknowledged that"climate change is real, and we have an entire business dedicated to reducing emissions — both our own and others."about $17 billion on"lower emission initiatives" through 2027. That represents, at most, 17% of the total capital investments the company plans to make during that period.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 240. in UK

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

You can’t teach an oil company new tricks.Exxon kept trying to mislead people on climate change even after finally admitting publicly in 2006 that fossil fuels are to blame, according to a Wall Street Journal investigation. Exxon continued to support research that questioned mainstream climate science after pledging to stop funding climate denial, according to the report. Before that, Exxon had already spent decades studying climate change while sowing doubt about the risks of burning fossil fuels.
Source: verge - 🏆 94. / 67 Read more »

Wall Street Analysts Tear Down BYD Seal, Say Tesla Should WorryUBS analysts said that tearing down the Seal strengthened their belief that Chinese carmakers are here to stay and dominate the global electric car market.
Source: InsideEVs - 🏆 579. / 51 Read more »

Wall Street Analysts Tear Down BYD Seal, Say Tesla Should WorryUBS analysts said that tearing down the Seal strengthened their belief that Chinese carmakers are here to stay and dominate the global electric car market.
Source: InsideEVs - 🏆 579. / 51 Read more »