ExxonMobil's Climate Commitment Shift

This chapter examines ExxonMobil's notable shift toward addressing climate change, moving from opposition to greenhouse gas regulation to setting ambitious net zero targets for 2050. It analyzes the details of their commitments, critiques their focus on certain emission types while largely ignoring others, and discusses the pressure from shareholders for more environmentally responsible leadership. The chapter also contrasts American oil companies' strategies for transitioning to greener energy with their European counterparts, emphasizing the role of government support in these efforts.