ExxonMobil’s Dangerous Business Strategy
This week, the National Petroleum Council’s Arctic Committee, chaired by the CEO of ExxonMobil, released a report calling on the US government to proceed with Arctic drilling for oil and gas, without mentioning climate change. This is just the latest reminder of the threat that ExxonMobil’s business model poses to the world.
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NEW YORK – ExxonMobil’s current business strategy is a danger to its shareholders and the world. We were reminded of this once again in a report of the National Petroleum Council’s Arctic Committee, chaired by ExxonMobil CEO Rex Tillerson. The report calls on the US government to proceed with Arctic drilling for oil and gas – without mentioning the consequences for climate change.