Business | A postcard from Baku

Big oil may be softening its stance on climate-change regulation

ExxonMobil’s boss wants America to stick with the Paris accord

The CEO of Exxonmobil Darren Woods speaks at a conference
Photograph: Getty Images
|BAKU

A spectre hangs over Baku, the capital of Azerbaijan, where diplomats, scientists and activists are gathered for the UN’s annual climate-change summit. Last time he was in office Donald Trump, a fossil-fuel booster and climate-science denier, yanked America out of the UN’s Paris climate agreement (it later rejoined). The president-elect has vowed to do so again on his first day back in office.

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This article appeared in the Business section of the print edition under the headline “A postcard from Baku”

From the November 16th 2024 edition

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