“I don't believe that this alternation of stops and starts is a good thing for businesses. It’s extremely damaging, it creates great uncertainty.”
Darren Woods
PDG d’Exxon Mobil
The CEO of the American oil group ExxonMobil, who traveled to Baku for COP29, the United Nations climate conference, explains to The Wall Street Journal “that President-elect Donald Trump should not withdraw the United States from international agreements to mitigate climate change.” The industrialist is thus opposed “to the new administration on an essential political subject”notes the economic daily.
For the leader of the fossil fuel giant, “a second exit from the 2015 Paris climate agreement, as proposed by Donald Trump [pendant la campagne]would create uncertainty and could complicate global efforts to combat the worst effects of the climate crisis”.
Return of the pendulum
The climate denialist president has never made a secret of his contempt for international climate commitments. But “the United States has reentered the agreement [de Paris] under President Joe Biden in 2021, a move Exxon applauded”. The day after the election of the Republican to the White House, Darren Woods, who is attending a COP for the second time, considers that the changes in presidency in his country should not lead to “a return of the pendulum”.
Always criticized for its climate policy, “the oil major has for some time been intensifying its contacts with political leaders to tout its investments in reducing carbon dioxide emissions.” However, recalls the Wall Street daily, the group is the subject “dozens of lawsuits” aimed at “take responsibility for your contribution to climate change”.
The irony of the situation
“It is rather ironic that oil companies, like their shareholders, no longer support the 'fore, honey, drill' strategy.” that the Republican Party has defended since 2008, notes a financial analyst. He explains this paradox by the commitment “very strong” of these companies in favor of reducing their emissions. “The last thing they want is for all the laws and regulations to be changed again.”he adds.
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