"Exxon Mobil CEO Calls for Emission Reduction Focus at COP28, Not Fossil Fuel Phase-Out"

Exxon Mobil CEO Darren Woods has urged the COP28 climate summit to focus on reducing emissions rather than phasing out fossil fuels. While many at the summit call for a collective commitment to phase out all fossil fuels, Woods argues that the true problem is emissions and that society should focus on eliminating them. There is ongoing debate about whether the agreement should center on "abated" or "unabated" fossil fuels, as well as whether to "phase out" or "phase down" their use. Woods emphasizes the need for a variety of solutions and reducing the carbon intensity of existing technologies. He defends Exxon Mobil's support for fossil fuels, stating that as long as there is demand, the company aims to be a responsible operator by producing oil more efficiently and with a lower environmental footprint.