Darren Woods, President and CEO of Exxon, condemned McCoy’s statements and said the company is keeping its commitment to working to find solutions to climate change.
Woods is among the chief executives scheduled to testify Thursday, alongside BP America CEO David Lawler, Chevron CEO Michael Wirth, and Shell president Gretchen Watkins.
Casey Norton, spokesperson for ExxonMobil, said the company has cooperated with the monitoring panel, adding: “ExxonMobil has long recognized that climate change is real and poses serious risks.
In addition to substantial investments in “next generation technologies,” the company is also advocating for responsible climate policies, Norton said.
“Our public statements on climate change are, and have been, truthful, evidence-based, transparent and consistent with the views of the broader and dominant scientific community at the time,” he said.
Maloney and Khanna compared the tactics used by the oil industry to those long deployed by the tobacco industry to resist regulation “while selling products that kill hundreds of thousands of Americans.”
The oil industry’s “obfuscation and distraction strategies span decades and continue to this day,” Khanna and Maloney said at the hearing last month. The five largest publicly traded oil and gas companies reportedly spent at least $ 1 billion from 2015 to 2018 “to promote climate disinformation through ‘branding’ and lobbying,” lawmakers said.