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Photo: Kena Betancur/VIEWpress/Corbis via Getty Images

ExxonMobil Corp. is actively considering whether to invest in electric-charging stations, according to an Atlantic Council report published this week.

Why it matters: Most other international oil and gas companies have at least token investments in electric-charging infrastructure, but Exxon has been an outlier among its peers in this space. Exxon's possible change of heart reflects Big Oil’s recognition that the world is transitioning away (albeit slowly) from oil-powered cars as part of a broader shift in the energy industry's response to climate change.

Details: The nugget is included in a table within a new 14-page report by David Koranyi, a senior fellow at the Atlantic Council. Koranyi told Axios that he spoke with Exxon officials, along with officials at other companies, as he was writing the paper on oil companies' diversification away from their traditional products.

  • Exxon said that “they are actively considering investments into EV charging infrastructure,” according to Koranyi.
  • Exxon did not immediately respond to an Axios request for comment.

The big picture: Andrew Logan, who directs the oil and gas program at Ceres, a nonprofit that advocates more sustainable investing, said this would be a surprise move, in part because Exxon has been among the least ambitious with its forecasts on adoption rates of electric cars — less so than even OPEC, the cartel of Middle Eastern oil-producing nations.

“While this would be a small step, it would be a sign that Exxon — long the most bearish of the oil majors on electric vehicles — is capable of changing its mind. Along with recent shifts like the company's decision to join OGCI [the Oil and Gas Climate Initiative] and set methane reduction targets, steps the company had long resisted, this move suggests that a cultural shift may be underway.”
— Andrew Logan, Ceres

Go deeper:

Go deeper

The pandemic made our workweeks longer

Illustration: Annelise Capossela/Axios

The average American's workweek has gotten 10% longer during the pandemic, according to a new Microsoft study published in Nature Human Behaviour.

Why it matters: These longer hours are a key part of the pandemic-induced crisis of burnout at U.S. firms — and workers are quitting in droves.

Mike Allen, author of AM
33 mins ago - Economy & Business

Airbnb CEO Brian Chesky to herald "travel revolution"

Expand chart
Data: TSA. Chart: Jared Whalen/Axios

Airbnb CEO Brian Chesky will argue this week that the world is undergoing a "travel revolution," in which some parts of the industry stay shrunk but the sector ultimately comes back "bigger than ever."

Why it matters: Chesky, who faced the abyss when the world shut down last year, foresees a significant shift in how people move around, with more intentional gatherings of family, friends and colleagues — even if routine business travel is never what it once was.

Managing traffic in the skies is becoming a lot harder

Illustration: Annelise Capossela/Axios

Planes used to be the only aircraft crisscrossing the sky. Now there are drones, more frequent rocket ships and — soon — flying taxis, elbowing their way into the National Airspace System.

Why it matters: Managing the congestion up above is becoming an urgent mission for America's traffic cops in the sky. While the Federal Aviation Administration has a stellar safety record when it comes to commercial aviation, its challenge is infinitely more complex today.