Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Exxon suspended from climate advocacy group it helped form

    Exxon suspended from climate advocacy group it helped form

    August 9, 2021
    Share
    Facebook Twitter LinkedIn WhatsApp

    News wire — Exxon Mobil Corp was suspended from advocacy group Climate Leadership Council (CLC) that looks to make policies to address climate change, the CLC said on Friday.

    The move comes a little over a month after an Exxon lobbyist said the company supports a carbon tax publicly because the plan to curb climate change would never gain enough political support to be adopted. Exxon Chief Executive Officer Darren Woods had condemned the comments. read more

    “After careful consideration, we have decided to suspend ExxonMobil’s membership in both the Council and Americans for Carbon Dividends, our advocacy arm,” CLC CEO Greg Bertelsen said in a statement.

    Exxon was a founding member of the group along with ConocoPhillips , BP, Shell and Total.

    The CLC’s decision marks a u-turn after it supported the oil major in June after the lobbyist’s comments.

    Exxon said in a statement the CLC’s decision was “disappointing and counterproductive.”

    “It’s more important than ever for organizations to work together to advance meaningful policy solutions to address shared challenges and society’s net-zero ambitions,” it said.

    The company said it would continue to be a part of the Alliance for Market Solutions, an organization that also works to try and reduce carbon pollution.

    The non-profit organization World Resources Institute (WRI), a CLC member, said Exxon was not aligned with the council’s push to put a price on carbon as a key response to the climate crisis.

    “We welcome CLC’s separation from Exxon,” the institute’s CEO, Ani Dasgupta, said in a note, while calling on companies to support a price on carbon in any future legislation that advances in Congress.

    “We urge all companies to re-examine their lobbying, political spending and participation in trade associations to ensure that their actions are fully aligned with their public statements on climate change,” Dasgupta said.

    – Reuters (Reporting by Arathy S Nair and Sahil Shaw in Bengaluru; additional reporting by Sabrina Valle in Houston; Editing by Aditya Soni and Kenneth Maxwell)

    Follow us on twitter

    Related News

    Oil prices rally as United States sanctions on Venezuela ease supply worries

    Oil prices climb to 2-month high on US-China trade deal, worries about Iran supply

    Nigeria partners Brazil to develop methanol complex 

    Nigeria says divestment paying off as oil output rises

    Comments are closed.

    E-book
    Resilience Exhibition

    Latest News

    Oil prices climb to 2-month high on US-China trade deal, worries about Iran supply

    June 11, 2025

    Kenya central bank lowers 2026 growth forecast to 5.4%

    June 11, 2025

    Nigeria partners Brazil to develop methanol complex 

    June 11, 2025

    FG to train 100,000 youths annually in forex trading

    June 11, 2025

    China, Africa ask US to return to ‘right track’ on trade differences

    June 11, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.