ExxonMobil's own scientists doubted climate fixes the company hyped
Summary
ExxonMobil’s internal documents show that its own scientists doubted the effectiveness of climate solutions the company publicly promoted. These documents, released during a lawsuit filed by Massachusetts, suggest Exxon was aware of climate risks decades ago but focused more on public relations than real climate action.Key Facts
- In 1988, Exxon warned internally that global efforts to reduce greenhouse gases could hurt the company.
- New documents from the 1980s to 2010s reveal Exxon scientists questioned the company’s claims on biofuels and carbon capture.
- The documents are part of a 2019 Massachusetts lawsuit accusing Exxon of misleading consumers and investors.
- More than two dozen similar lawsuits against oil companies are ongoing, including one in Boulder, Colorado.
- Exxon denies misleading the public and says the lawsuits are legally baseless.
- Climate-related damages in the U.S. have cost over $100 billion in four of the past five years.
- Exxon earned nearly $19 billion in the first half of 2024.
- The Massachusetts case highlights Exxon’s focus on public relations over real climate solutions.
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