The world is off track to meet its climate goals and the public is to blame, Darren Woods, chief executive of oil giant ExxonMobil, has claimed – prompting a backlash from climate experts.
As the world’s largest investor-owned oil company, Exxon is among the top contributors to global planet-heating greenhouse gas emissions. But in an interview, published on Tuesday, Woods argued that big oil is not primarily responsible for the climate crisis.
The real issue, Woods said, is that the clean-energy transition may prove too expensive for consumers’ liking.
“The dirty secret nobody talks about is how much all this is going to cost and who’s willing to pay for it,” he told Fortune last week. “The people who are generating those emissions need to be aware of and pay the price for generating those emissions. That is ultimately how you solve the problem.”
Woods said the world was “not on the path” to cut its planet-heating emissions to net zero by 2050, which scientists say […]
Fabulous article! Tells you all you need to know about the thinking of those leading the petro-chemical industry. Sadly, what the article left out were the billions in subsidies this industry has received as a result of government policy. Evil is the only word I can think of that captures the spirit of this man’s words.