Peeling back the green facade, a different narrative appears, the company's critics say. An analysis of Exxon documents, investor presentations and congressional committees reveals how the corporation redirected the climate policy response away from solutions such as wind and solar and towards unproven technologies like CCS. One of the wealthiest companies on the planet is now set to pocket vast amounts of public money for a technology many scientists believe is the wrong solution to the climate crisis.
"Oil companies that make billions in profits don't need public subsidies. It's not a good idea to support companies that are the cause of climate change, but also CCS should not be a priority for funding," said Catherine Mitchell, professor emerita of energy policy at the University of Exeter and an IPCC expert on climate mitigation...
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