The Climate Leadership Council (CLC), an international body that seeks to formulate policies for addressing climate change, suspended Exxon Mobil Corp from its advocacy group, the CLC said.
According to analysts, this latest move by the CLC was a result of an Exxon lobbyist saying that the concept of carbon tax was publicly supported by the company as it believed that the plans to prevent or reverse climate change would never have enough political support for them to be adopted.
The comments were however condemned by Exxon Chief Executive Officer Darren Woods.
"After careful consideration, we have decided to suspend ExxonMobil's membership in both the Council and Americans for Carbon Dividends, our advocacy arm," CLC CEO Greg Bertelsen said in a statement.
Along with ConocoPhillips, BP, Shell and Total, the group was founded by Exxon.
In June, the lobbyist's comments and Exxon were however supported by the CLC while this latest move marked a complete u-turn in its stand on the issue.
The CLC's decision was "disappointing and counterproductive," Exxon said in a statement. "It's more important than ever for organizations to work together to advance meaningful policy solutions to address shared challenges and society's net-zero ambitions," it said.
Exxon would however continue as a member of the Alliance for Market Solutions, an organization that also works to try and reduce carbon pollution, the oil major said in the statement.
Exxon was not in line with the push of the council to put a price on carbon as a key response to the climate crisis, said the non-profit organization World Resources Institute (WRI), which is also a CLC member.
"We welcome CLC's separation from Exxon," the institute's CEO, Ani Dasgupta, said in a note. Dasgupta called on firms to lend support to the concept of imposing a price on carbon emissions in any future legislation that advances in Congress.
"We urge all companies to re-examine their lobbying, political spending and participation in trade associations to ensure that their actions are fully aligned with their public statements on climate change," Dasgupta said.
(Source:www.businesstimes.com.sg)
According to analysts, this latest move by the CLC was a result of an Exxon lobbyist saying that the concept of carbon tax was publicly supported by the company as it believed that the plans to prevent or reverse climate change would never have enough political support for them to be adopted.
The comments were however condemned by Exxon Chief Executive Officer Darren Woods.
"After careful consideration, we have decided to suspend ExxonMobil's membership in both the Council and Americans for Carbon Dividends, our advocacy arm," CLC CEO Greg Bertelsen said in a statement.
Along with ConocoPhillips, BP, Shell and Total, the group was founded by Exxon.
In June, the lobbyist's comments and Exxon were however supported by the CLC while this latest move marked a complete u-turn in its stand on the issue.
The CLC's decision was "disappointing and counterproductive," Exxon said in a statement. "It's more important than ever for organizations to work together to advance meaningful policy solutions to address shared challenges and society's net-zero ambitions," it said.
Exxon would however continue as a member of the Alliance for Market Solutions, an organization that also works to try and reduce carbon pollution, the oil major said in the statement.
Exxon was not in line with the push of the council to put a price on carbon as a key response to the climate crisis, said the non-profit organization World Resources Institute (WRI), which is also a CLC member.
"We welcome CLC's separation from Exxon," the institute's CEO, Ani Dasgupta, said in a note. Dasgupta called on firms to lend support to the concept of imposing a price on carbon emissions in any future legislation that advances in Congress.
"We urge all companies to re-examine their lobbying, political spending and participation in trade associations to ensure that their actions are fully aligned with their public statements on climate change," Dasgupta said.
(Source:www.businesstimes.com.sg)