Exxon Mobil Corp won’t ‘fake it’ on climate change views, CEO says

Financial Post

HOUSTON — Exxon Mobil Corp. won’t join a group of its European Big Oil peers who are banding together to forge a unified approach to climate change because the company has already made its views clear, Chairman and Chief Executive Officer Rex Tillerson said Wednesday.

Exxon has been consistent in its positions on the impact of rising temperatures and doesn’t need to be part of a group, Tillerson said. Royal Dutch Shell Plc and BP Plc are among the European companies working together on a climate strategy in advance of United Nations’ climate talks set to conclude in Paris this December.

Tillerson reiterated Exxon’s position supporting a carbon tax if a consensus emerges in the U.S. for climate action and said the company is wary of making efforts to reduce emissions that may not work or will be deemed unnecessary if current models prove to be inaccurate. His comments came…

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