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Exxon CEO Darren Woods likely to attend COP28 – sources By Reuters

by News
November 29, 2023
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© Reuters. Darren Woods, CEO of ExxonMobil, speaks at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S., November 15, 2023. REUTERS/Carlos Barria/File Photo

By Sabrina Valle and Sarah McFarlane

HOUSTON (Reuters) – Exxon Mobil Corp (NYSE:) Chief Executive Darren Woods is making plans to attend the COP28 climate summit in Dubai next week, two people close to the information said, in what would mark a first for an Exxon CEO, if confirmed.

Woods, currently not in the summit program, is expected to advocate for more oil production with less carbon emissions, in what became his mantra in the past couple of years. Record oil and gas attendance expected at this year’s COP.

Leading the climate talks is Sultan al-Jaber, also chief executive of the UAE’s state-owned Abu Dhabi National Oil Company (ADNOC), whose work with the industry in the run-up to the summit has led to more than 20 oil and gas companies signing up to a voluntary climate pledge. However environment critics have been concerned over Exxon’s plans to increase oil production and its aversion to scope 3 targets, which measures emissions from products sold to clients.

Exxon…

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