Exxon to ‘pace’ low-carbon spending blaming weak demand and bad policies
CEO Darren Woods says rules reminiscent of ‘centrally planned economies’ have failed to support green products
CEO Darren Woods says rules reminiscent of ‘centrally planned economies’ have failed to support green products

US oil major warns Europe’s approach has driven up energy costs and eroded public backing for green transition

Oil major will cut investment over next five years from $30bn to $20bn

Bloc has previously resisted multi-decade commitments to protect its climate ambitions

Darren Woods says bloc’s climate and human rights directive will hurt competition

The oil major is suing green groups and the California attorney-general over ‘greenwashing’ claims

It is left to a coalition of the willing to start the hard work of phasing out fossil fuels