Ethical Performance
inside intelligence for responsible business


ExxonMobil now ‘on its own’

June 2003

ExxonMobil is now alone among the four ‘supermajor’ oil and gas companies in refusing to take meaningful action on global warming, according to a study released by Claros Consulting.

The UK consultancy contrasts BP, ChevronTexaco and Shell, which it says are ‘using and exploring a wide array of energy and risk management options’ to reduce greenhouse gas emissions, with ExxonMobil, which it claims shows no sign of developing or adopting such strategies.

The report, commissioned by the US-based Coalition for Environmentally Responsible Economies, says ExxonMobil ‘appears to be relying on hope for the best strategy – one that works as long as the risk of climate change evaporates.’

ExxonMobil said that, on the contrary, it takes climate change ‘very seriously’. Its $100million (£63m) investment in a Stanford University project to look at ways of substantially reducing greenhouse gas emissions and a collaboration with General Motors and Toyota on fuel cell technology, are among ‘tangible actions’ to address the issue.

The company describes itself as an ‘industry leader’ on environmental matters.

3BL Media News
Sign up for Free e-news
Report Alerts
Job Vacancies
Events Updates
Best Practice Newsletter