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The Journal.

Inside Exxon’s Strategy to Downplay Climate Change

The Journal.

The Wall Street Journal

Daily News, Business News, News

4.25.8K Ratings

🗓️ 18 September 2023

⏱️ 22 minutes

🧾️ Download transcript

Summary

In 2006, after years of denial, ExxonMobil publicly acknowledged climate change for the first time. But internal documents show that behind the scenes, Exxon officials pushed to diminish concerns about climate change. WSJ’s Christopher M. Matthews breaks down the new findings. Further Reading: - Inside Exxon’s Strategy to Downplay Climate Change - Exxon Predicts World Will Miss Climate-Change Targets Further Listening: - An Activist Investor and the Showdown Over Exxon’s Future Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

My name is Chris Matthews. I am the U.S. Energy Editor.

0:09.8

Our colleague, Chris, spends a lot of time covering the oil and gas giant, Exxon Mobile.

0:15.4

They are the biggest western oil company and they are really the face of the industry

0:21.4

in many ways and have been for some time. And I think when a lot of people think of oil

0:26.6

and gas, they think of Exxon.

0:30.4

Over the past few months, Chris and his team have been working on a major investigation

0:34.6

into Exxon. They reviewed internal Exxon documents that have never been made public before.

0:41.3

You know, it was one of those things where I think in all honesty, I probably didn't understand

0:47.5

what we were looking at initially. And the more time I spent with it, the more significant

0:53.4

I realized it was.

0:55.5

And what does your recent reporting uncover about Exxon?

0:59.8

I think what we realized was we were getting a really unvarnished look into the senior

1:08.5

most levels of the company and what they really thought about climate change and what they

1:14.2

were really doing to put their finger on the scale of the conversation about climate change.

1:23.3

And it was clear to us that there was discrepancies between what the company was saying publicly

1:28.7

and what it was saying behind closed doors.

1:31.4

The new reporting outlines Exxon's efforts to diminish people's concerns over climate

1:36.0

change and challenge the scientific consensus on rising global temperatures.

1:41.9

And those efforts went on for longer than we previously knew. The documents cover several

1:47.1

decades.

1:49.1

From the 80s into around 2016, it summarizes emails, board meetings, edits of speeches,

2:00.8

and goes to the very top of the company.

...

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