Exxon accused of downplaying carbon bubble risks

Jessica Shankleman
clock

Carbon Tracker says oil major is underestimating chances of global deal on climate, as Shell chief executive claims climate debate has gone to "la-la land"

Oil major ExxonMobil is underestimating the risks it faces from efforts to decarbonise the energy sector over the coming years, and could end up going the same way as photography company Kodak if it fails...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Risk

'Silence isn't neutrality - it's a strategic risk': CISL playbook aims to shape proactive response to ESG backlash

'Silence isn't neutrality - it's a strategic risk': CISL playbook aims to shape proactive response to ESG backlash

New study explores how businesses can respond to volatile geopolitical pressures, while continuing to advance sustainability efforts

Stuart Stone
clock 07 April 2025 • 7 min read
Government announces over a thousand flood defence schemes to benefit from £2.65bn in funding

Government announces over a thousand flood defence schemes to benefit from £2.65bn in funding

Schemes protecting more than 52,000 homes and businesses from the dangers of flooding to be built or repaired under latest funding round

Stuart Stone
clock 31 March 2025 • 5 min read
US financial watchdog votes to drop legal defence of climate disclosure rules

US financial watchdog votes to drop legal defence of climate disclosure rules

US Securities and Exchange Commission will no longer defend rules it adopted only a year ago that require firms to report on their climate risks and greenhouse gas emissions

Eve Maddock-Jones
clock 28 March 2025 • 3 min read