ExxonMobil released today an analysis for how its oil and natural gas resources would fare in a carbon-constrained world.
Why it matters: The analysis is the latest in a string of moves by publicly traded oil companies in response to investor pressure to disclose the risks that action on climate change poses to their fossil-fuel products.
Exxon Mobil reported fourth quarter earnings of 88 cents a share Friday, missing analysts estimates of $1.04 a share.
The big picture: Despite Exxon's rare earnings miss, the oil giant still posted its strongest annual earnings since 2014, per CNBC. And last week, Exxon announced that it's tripling its Permian shale production as part of a plan to invest $50 billion in the U.S..
I faced a good bit of criticism for the piece I wrote Thursday about America’s polarized climate and energy debate, and most of it centered around particular words I used.
What I heard: Arguments mostly from left-leaning people that I misused the term “far left,” and also perpetuated the idea of false equivalency by putting people calling for urgent climate action on the same level as people who don’t acknowledge the issue at all.
