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How Exxon Mobil’s CEO Views Energy Shortages and Increasing Profits

Exxon Mobil CEO Darren Woods speaks with The Wall Street Journal about the future of energy.

The C3 Take
  • Woods emphasized the need for the private and public sectors to emphasize energy security and domestic production in climate and energy strategies.
  • Mr. Woods also stated that his company will begin to shift its portfolio to focus on carbon capture and storage.
  • Recently Exxon Mobil agreed to export its carbon capture solution to Indonesia to help the country lower its carbon footprint.
  • Private sector leadership is key to reaching our climate and energy goals.

“A lot of focus had been put on wind, solar and electric vehicles, which all have an important role to play. They’re necessary, but certainly not sufficient. So what we’re beginning to see is a recognition that a much broader set of solutions is needed, and that a critical player in that space will be our industry. Carbon capture and storage, hydrogen and biofuels are all now being recognized for the important role they’re going to play in contributing to the solution.”

Read the full interview here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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