Big oil talks ‘transition’ but perpetuates petroleum, House documents say

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Big oil talks ‘transition’ but perpetuates petroleum, House documents say
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Big Oil misleads public on support for ‘energy transition’ as it perpetuates use of fossil fuels, House documents say

Some of the world’s major oil companies remain internally skeptical about the “energy transition” to a low-carbon economy, even as they publicly portray their firms as partners in the cause, according to documents obtained by The Post that will be released by a House committee Friday.

one executive said: “What exactly are we supposed to do instead of divesting … pour concrete over the oil sands and burn the deed to the land so no one can buy them?” Among the biggest issues was the ExxonMobil effort to rally support for what it said would be a $100 billion carbon capture project south of Houston. ExxonMobil was told by potential partners that they would join only with other companies “with reputable climate credentials and name recognition.”“Chevron deems Exxon’s numbers related to tons stored, jobs saved, jobs created to be inflated — but harmless inflation,” one email said about the Exxon proposal.

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