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Zero: The Climate Race
What is the Exxon CEO doing on a climate podcast?
Nov 14, 2024
Darren Woods, CEO of ExxonMobil, known for his involvement in climate debates, discusses the company's new approach to environmental responsibility. He advocates for maintaining the Paris Agreement and highlights the complexity of balancing fossil fuel demands with climate action. Woods dives into the role of innovative technologies like hydrogen and carbon capture, and the importance of carbon pricing. He also touches on challenges faced in algae-based biofuels and the company's commitment to reducing methane emissions, shedding light on Exxon's evolving climate strategy.
44:01
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Quick takeaways
- Darren Woods emphasizes the need for innovative solutions to balance carbon emissions reduction with global energy demands amid changing climate policies.
- ExxonMobil is investing in technologies like carbon capture and hydrogen production to enhance sustainability while maintaining profitability and energy reliability.
Deep dives
Exxon's Shift in Climate Engagement
The recent engagement of ExxonMobil at climate conferences by CEO Darren Woods marks a significant change in the company's approach towards climate action. Woods emphasizes that reducing carbon emissions while meeting global energy demands poses a complex challenge requiring innovative solutions. He points out the importance of not solely relying on renewable energy sources like wind and solar, asserting that while they are essential, they alone are insufficient to meet growing energy needs. Exxon is promoting its advancements, such as the development of large-scale carbon capture and storage systems and virtually carbon-free hydrogen production facilities.
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Discover
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Listen to the best highlights from the podcasts you love and dive into the full episode