How ExxonMobil Is Banking On Biofuels
ExxonMobil, one of the most powerful players in the energy industry, is at a crossroads. For more than a century, the company made billions selling and refining oil and gas and was seen as financially and politically untouchable. But today, with mounting concerns around climate change, the company is coming under pressure from both outside and within to transform its business and figure out a place in a lower carbon future. Watch the video to learn about how ExxonMobil started out as a company making kerosene, why some blame it for a climate change misinformation campaign, and where the company says it will generate future profits as the world transitions away from oil and gas.
The full documentary, "ExxonMobil at the Crossroads," is streaming now on Peacock and CNBC.com.
Chapters:
00;30;05 History of ExxonMobil
03;31;23 Misinformation campaign?
06;05;08 Shareholder rebellion
09;40;06 Low carbon projects
13;48;27 Biofuels
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How ExxonMobil Is Banking On Biofuels
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