Exxon's CEO Wants Trump to Stay in Paris Climate Pact

Exxon Mobil's CEO, Darren Woods, has a piece of advice for President-elect Donald Trump: stick with the Paris Climate Agreement. In an interview with The Wall Street Journal, Woods shared his thoughts on Trump's plan to withdraw from the accords for the second time. He pointed out that this back-and-forth could lead to instability and uncertainty, which isn't great for business. It's worth noting that Exxon cheered when President Joe Biden re-entered the agreement in 2021. Woods made it clear that political agendas don't drive their decisions. The oil industry, which has a big role in climate change, has been trying to do better for the environment. They've been looking for government support to cut carbon emissions. But with Trump in power, those green investments might not happen. Analyst Paul Sankey thinks companies like Exxon want consistent rules, not a change every time a new administration comes in. Myron Ebell, who was part of Trump's transition team, doesn't think Woods has much say in Trump's decisions. He believes Trump will listen more to independent voices than to Woods.