Zero: The Climate Race Exxon thinks it can count carbon better
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Nov 12, 2025 Darren Woods, CEO of ExxonMobil and a key figure in energy transition discussions, shares insights on his attendance at COP30 amidst industry skepticism. He highlights Exxon's support for a new carbon accounting initiative and the need for non-ideological climate solutions that balance economic growth. Woods discusses the challenges and opportunities in low-carbon ventures, such as hydrogen projects and lithium extraction. He emphasizes the importance of emissions reporting for tax incentives and provides a glimpse into Exxon’s future strategies.
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Broaden The Climate Solution Set
- Darren Woods argues climate policy has been defined by narrow solution sets and ideology that limit progress.
- He calls for a broader, technology-neutral approach focused on reducing emissions without harming living standards.
Look Beyond Political Cycles
- Woods says energy decisions exceed political cycles and must be evaluated beyond short-term politics.
- He stresses assessing costs per ton of carbon removed to get the biggest emissions reduction for the least spend.
Product-Level Carbon Accounting To Mobilize Markets
- Exxon backs carbon accounting to create product-level carbon intensity standards and spur market forces.
- Woods sees this as a flexible way for governments to set specs while engaging markets.