Exxon chief goes on the offensive as Wall Street sours on ESG

Darren Woods is becoming much more strident about climate goals. (Image: Bloomberg)

Thu, 21 Mar 2024

(Bloomberg) - After coming under attack from environmentalists and investors in the first half of his seven-year tenure at the helm of Exxon Mobil Corp, Darren Woods is on the offensive.Already this year, Woods filed an arbitration case against Chevron Corp for trying to buy into Exxon’s massive offshore oil project in Guyana and a lawsuit against investors demanding that his company cut emissions. Just months earlier, he agreed to a US$60 billion (NZ$99b) takeover that would make Exxon the biggest US shale producer.Woods is also bec...

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