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Exxon lobbyist duped by Greenpeace says climate policy was a ploy, CEO condemns statements

By Valerie Volcovici WASHINGTON (Reuters) - A lobbyist for Exxon Mobil Corp (NYSE:XOM) said the company supports a carbon tax publicly because the plan to curb climate change...
Exxon lobbyist duped by Greenpeace says climate policy was a ploy, CEO condemns statements © Reuters. FILE PHOTO: A logo of Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes/File Photo

By Valerie Volcovici

WASHINGTON (Reuters) - A lobbyist for Exxon Mobil Corp (NYSE:XOM) said the company supports a carbon tax publicly because the plan to curb climate change would never gain enough political support to be adopted, according to an interview aired on the UK's Channel 4 on Wednesday.

The TV network aired the interview of senior Washington-based lobbyist Keith McCoy it obtained from an investigative arm of environmental campaigner Greenpeace UK, in footage that later in the day drew the ire of Exxon's chairman and chief executive.

Greenpeace activists posed as headhunters to conduct separate Zoom interviews with McCoy and a former Washington lobbyist for Exxon, Dan Easley.

"There is not an appetite for a carbon tax. It's a nonstarter," McCoy said to the Greenpeace activists. "And the cynical side of me says, 'Yeah, we kind of know that.' But it gives us a talking point."

McCoy did not immediately respond to a request for comment. McCoy said on LinkedIn he was "deeply embarrassed by my comments and that I allowed myself to fall for Greenpeace’s deception." He apologized to colleagues at Exxon in that post.

Darren Woods, Exxon's chairman and chief executive, had sharp words on McCoy's comments. "We condemn the statements and are deeply apologetic for them, including comments regarding interactions with elected officials," Woods said in a release.

"We were shocked by these interviews and stand by our commitments to working on finding solutions to climate change," Woods said.

The footage comes a month after Exxon shareholders, frustrated by weak returns and the U.S. oil company's track record on climate change, shook up the company when they elected three of four nominated directors from activist shareholder Engine No. 1 to Exxon's board.

ExxonMobil in 2018 touted its investment of $1 million over two years into a carbon tax advocacy campaign in Congress. Its annual lobbying budget is $12 million.

Exxon Director Ursula Burns said at a Federal Reserve Bank of Dallas virtual event earlier this month that the company's response to environmental criticisms "has not been well done."

McCoy and Easley spoke candidly to the Greenpeace activists on their strategies and positions on a range of issues, including President Joe Biden's initial $2 trillion infrastructure package, which they said they worked on to remove major climate provisions and push back against proposals to raise corporate taxes.

Easley said the Biden infrastructure plan contained clean energy measures that would "accelerate the transition that I think four years from now - it is going to be difficult to unwind them."

Easley, whose LinkedIn page says he started a new job in February, could not immediately be reached for comment.

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01-05-2024 10:45:17 (UTC+7)

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 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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