Exxon sees limited impact on business from climate policies
DALLAS - Exxon Mobil says in a new report that policies to combat climate change won't have much effect on its business and demand for fossil fuels will remain strong for decades.
The company does acknowledge, however, that some of its most costly oil and gas reserves might not be developed.
Exxon's report, issued Friday, comes in response to pressure from shareholders who voted last May to urge the company to issue a report on the matter every year.
The shareholders fear that policies to limit heat-trapping carbon emissions will hurt Exxon's business of drilling for oil and natural gas.
Desktop NewsClick to open Continuous News in a sidebar that updates in real-time.
Baton Rouge teens gearing up for summer jobs with the Mayor's Youth...
Graduation chaos during area HS ceremony this week
Second teen arrested in shooting that wounded pregnant woman near Istrouma High...
Bluff Road Overpass set to close for summer repairs
Multiple fire departments called to assist with Plaquemine fire