Drilling into the numbers: ExxonMobil
Economist Podcasts
The Economist
4.3 • 5K Ratings
🗓️ 19 January 2022
⏱️ 23 minutes
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Transcript
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| 0:00.0 | Hello and welcome to the intelligence from The Economist. I'm your host, Jason Palmer. |
| 0:08.6 | Every weekday, we provide a fresh perspective on the events shaping your world. |
| 0:17.1 | One of the trickiest social norms to navigate away from home is tipping. |
| 0:21.6 | Is this too much? Too little? |
| 0:23.6 | Turns out that it confounds economists too. |
| 0:26.6 | We look into the motivations for the tippers and for the tipped |
| 0:29.6 | and how that affects businesses overall. |
| 0:33.6 | And now that the saga of Novak Djokovic's Will He Won't He at the Australian Open has been resolved, |
| 0:39.5 | we take a look at why the Serbian is an outlier among elite athletes, |
| 0:43.7 | and some surprisingly long-run effects that sports stars suffer after COVID-19. |
| 0:53.3 | But first... |
| 0:56.0 | Net zero emissions commitments are spilling out of businesses and even governments all the time these days, but the latest one is kind of surprising. |
| 1:08.0 | ExxonMobil, America's biggest oil company. It's got a pretty checkered history on climate matters, from executives that denied the |
| 1:15.6 | role of fossil fuels in climate change to allegations of disinformation campaigns, which |
| 1:20.6 | generations of those same executives have denied. But now there does seem to be something |
| 1:25.6 | of a change of heart going on. We've seen a significant shift on climate change from the most important oil company in the Western world, ExxonMobil, |
| 1:34.3 | one that has actually historically been quite an opponent of action on tackling greenhouse gas emissions. |
| 1:41.3 | Vijay Vaithi Suaron is our global energy and climate innovation editor. |
| 1:45.0 | They have just announced a policy which aims to get the company to net zero greenhouse |
| 1:51.0 | gas emissions by 2050. |
| 1:52.0 | But more importantly, I think they've also taken on concrete targets for absolute levels |
| 1:57.0 | of greenhouse gas emissions, promising to cut them by roughly 20% by 2030 |
... |
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