exxonMobil net zero target unlikely to appease

摘要

Will ExxonMobil build on its climate-related eforts with a formal net zero emissions target? Regardless of the answer, the pressure on the US oil major from climate campaigners and investors is unlikely to ease. That the biggest US oil producer may be considering following the example of its European peers with a net zero pledge would not come as a complete sur- prise, especially in Washington’s current political context. The frm’s perceived failure to plan for a rapidly decarbonising world was behind a bruising shareholder revolt in May, which unseated three board directors. And it comes as the scale of the climate crisis was brought into sharp focus on 9 August by the UN Intergovern- mental Panel on Climate Change’s sixth report on climate conditions, which sparked renewed calls for fossil fuels to be phased out.