Exxon Chief Calls on Trump to Reconsider Exit from Paris Climate Agreement
Exxon Chief's Concerns on Climate Policy
Exxon CEO Darren Woods recently urged President-elect Trump to keep the United States in the Paris climate agreement, a critical international pact aimed at combating climate change. This call comes as the oil and gas sector braces for a shift in administration policies.
Implications of U.S. Withdrawal
In an interview with The Wall Street Journal, Woods expressed that exiting the 2015 agreement, which Trump has indicated he might do, would lead to confusion regarding worldwide climate initiatives. He noted that the Trump administration initially announced plans to withdraw in 2017, a decision that isolated the U.S. as the only nation to leave the accord.
Importance for Businesses
Woods stated that the uncertainty created by fluctuating policies is detrimental to businesses. He elaborated that a “pendulum swing back and forth” regarding climate policies under different administrations isn't beneficial. According to him, these shifts are not only inefficient but also foster unpredictability in planning and executing business strategies.
Exxon's Position
Since 2015, Exxon has championed the principles of the Paris Agreement, advocating for a consistent approach to climate regulation. Woods highlighted that under President Biden, the U.S. rejoined the accord in 2021, emphasizing the need for a steady and coherent policy framework.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.