What Biden said about Exxon?
Why are Exxon profits so high? Thanks to rising oil prices and huge refining margins, Exxon posted $17.9 billion in profits and $115.7 billion in revenue for the three months between the end of March and the end of June . To wrap your mind around such absurd figures, imagine pulling into an Exxon gas station and filling up your tank.
What did Biden say about Exxon?
“I can’t believe I have to say this but giving profits to shareholders is not the same as cutting prices for American families,†Biden tweeted on Friday. Biden has been criticizing energy company profits since at least June, when he publicly complained that “Exxon made more money than God this year.â€
Did Biden say Exxon makes more money than God?
“We’re going to make sure everyone knows Exxon‘s profits,” Biden said in response to a question after the conclusion of a speech in California about rising inflation. “Exxon made more money than God this year and, by the way, nothing has changed.”
Is Exxon making money?
For Exxon, the $19.7 billion is the highest quarterly profits in its history, while Chevron’s $11. See the article : Booking.com’s seven predictions for the creative reimagining of travel in 2023.2 billion was the second highest in history.
What is Exxonmobil doing about environmental issues?
Take action on climate change Reduction of emissions in its operation through avoidance and improvement of energy efficiencies. They provide products to help customers reduce their emissions. See the article : The federal office focused on the impacts of the climate crisis on health has no permanent staff or funding. The development and deployment of scalable technologies to help decarbonise the sectors with the highest emissions. Proactive engagement on climate related…
Is Exxon moving toward renewable energy? The outlook for Exxon also looks strong, although low carbon is a smaller part of the business and is likely to remain that way for years to come. The company has pledged to spend $15 billion on hydrogen, biofuels, carbon capture, and a few other areas by 2027, roughly 11% of its expected capital budget.
What does Exxon say about climate change?
Specifically, Exxon projected that fossil fuel emissions would lead to 0.20 degrees Celsius of global warming per decade, with a margin of error of 0. Read also : CHIPS and Science Law is now law. This Doesn’t Mean The Organizers’ Job Is Done..04 degrees – a trend that has been proven largely accurate.
Does ExxonMobil believe in climate change?
Exxon helped found and lead the Global Climate Coalition of businesses that opposed regulation of greenhouse gas emissions. More recently she has expressed support for a carbon tax and the Paris agreement.
How can ExxonMobil reduce carbon emissions?
To meet the world’s ever-growing energy demand and reduce the risk of climate change, ExxonMobil is forging research partnerships across industries and academia. Two areas of focus include the development of low-emission biofuels and cost-effective carbon capture and storage (CCS) technology.
What evidence do scientists use to determine that the Earth’s climate is warming?
Mountain glaciers are melting around the world, and snow cover is declining in the Northern Hemisphere (Learn more here and here). The Greenland ice sheet, which holds about 8 percent of Earth’s fresh water, is melting at an accelerating rate (learn more). Global average sea level is rising (learn more).
What is the evidence that humans are warming the climate quiz? Humans burn fossil fuels such as coal, natural gas and gasoline to generate electricity, heat homes, and power cars. During the last 120 years the temperature of the troposphere has increased by about 0.7 degrees Celsius.
What are the 5 evidences of global warming?
Ten Signs of Global Warming
- Arctic sea ice extent is decreasing.
- The heat content of the ocean is increasing.
- The air temperature over the ocean is increasing.
- The sea surface temperature is rising.
- Global sea level is rising.
- The humidity is rising.
- The temperature of the lower atmosphere is increasing.
- The air temperature on the ground is rising.
How do scientists collect evidence about climate?
Scientists study Earth’s climate and how it changes in a variety of different ways, using satellite, instrumental, historical and environmental records. One challenge of using satellite and instrumental data is that their lifetime was quite short compared to Earth’s lifetime.
Does ExxonMobil believe in climate change?
Exxon helped found and lead the Global Climate Coalition of businesses that opposed regulation of greenhouse gas emissions. More recently she has expressed support for a carbon tax and the Paris agreement.
Is Exxon the biggest contributor to pollution? A report carried out last year by the Mindaroo Foundation found that just 100 companies produce 90% of the world’s plastic pollution. She singled out Exxon as the world’s top single-use plastic producer.
What does Exxon say about climate change?
Specifically, Exxon projected that fossil fuel emissions would lead to 0.20 degrees Celsius of global warming per decade, with a margin of error of 0.04 degrees – a trend that has been proven largely accurate.
When did Exxon knew about climate change?
A number of internal Exxon documents obtained by researchers and journalists over the past few years have shown that the company was aware of the link between fossil fuels and climate change at least as far back as the 1970s.
