(AmericanProsperity.com) – America’s largest oil and gas company has stunned conservatives by making the unlikeliest of demands just before President-elect Donald Trump is set to return to the White House.
ExxonMobil CEO Darren Woods issued a stark warning to Trump, urging him not to withdraw from the Paris Climate Agreement.
At the U.N. climate summit in Baku, Azerbaijan, Woods emphasized the need for “a global system for managing global emissions.”
He also raised the alarm about the inefficiency and uncertainty resulting from the U.S. exit from the Paris Agreement.
Woods pointed out that Trump should apply common sense to climate policies. “I don’t think the stops and starts are good for businesses. It’s extremely inefficient and creates a lot of uncertainty,” he added.
Meanwhile, an ExxonMobil spokesperson stated, “A second U.S. exit from the Paris climate agreement would have profound implications for the country’s efforts to reduce its own emissions and for global efforts to combat climate change.”
While ExxonMobil claims to have supported the Paris Agreement since 2015, skeptics argue that this could be a strategic move to protect its investments in carbon capture technology.
The company has spent billions on projects like the $5 billion acquisition of Denbury Resources and partnerships with CF Industries, Linde and Nucor for carbon capture solutions.
Critics argue that ExxonMobil’s sudden concern for climate change policies is nothing more than a calculated business move.
By supporting the Paris Agreement, the company may be positioning itself to benefit from government subsidies and regulations that favor its carbon capture investments.
Meanwhile, Trump’s plans for his second term include withdrawing from the Paris Agreement, reversing Biden’s climate initiatives and expanding oil production.
This approach aligns more closely with the conservatives’ energy independence and economic growth vision.
Trump’s appointment of Lee Zeldin to lead the Environmental Protection Agency signals a return to a more business-friendly environmental policy.
Zeldin is expected to repeal and replace many of the Biden-era environmental standards that critics view as overreaching and harmful to American industry.
Although ExxonMobil claims to be concerned about the implications of leaving the Paris Agreement, analysts argue that the accord unfairly burdens the United States while allowing other major polluters like China to remain unchecked.
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