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Exxon was stripped of membership in the climate advocacy organization it helped create.

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August 7 2021

The Climate Leadership Council (CLC) has issued a statement saying that Exxon Mobil Corp (XOM.N) has been suspended from the group.

A month after an Exxon lobbyist indicated the business is openly in favor of a carbon tax because such a tax scheme will never have enough political support to be approved, the corporation makes the proposed move. Exxon CEO Darren Woods has publicly criticized the remarks. consume more

We have carefully deliberated, and as a result, we have decided to cancel ExxonMobil’s membership in both the Council and Americans for Carbon Dividends, our advocacy arm.

ConocoPhillips (COP.N), BP (BP.L), Shell (RDSa.L), and Total (TOT.N) were founding members of the alliance (TTEF.PA).

Following the remarks by the oil lobbyist, the CLC decided to change its previous position and endorse the oil firm.

Disappointing and unhelpful, according to Exxon, was the conclusion of the Council on Long-term Care.

It stresses the importance of teamwork even more now than before, since that will be essential in making progress on meaningful policy solutions to help tackle shared difficulties and society’s net-zero goals.

In a joint statement, the company announced that it intends to continue being a part of the Alliance for Market Solutions, which also aims to mitigate carbon pollution.

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