does exxonmobil educate workers on possible job loss from climate change? and have you advised workers that you believe addressing the climate crisis may cause some of them to lose their jobs? >> what we have talked about with our organization is the opportunity to address the risk of climate change through investments in technology. >> all right, i'm asking about people's jobs, sir. >> yeah, i'll get to that. >> i don't have a lot of time, so do you talk to them about that they may lose their jobs, yes or no? >> we believe that the transition will involve capabilities and skill sets that are consistent with our existing businesses. so there's an opportunity to evolve those jobs into different applications like carbon capture. >> got it. so do you have specific programs in place to retain and protect the workers that you currently employ? is that what you're kind of saying? >> i'm saying as the world transitions and as the solutions are going to be required like hydrogen and biofuel and carbon captures, those investments will require workers to operate thos

on its website, exxonmobil says it's data on climate change was published in scientific journals. however, exxon fails to mention the ad system to put out calling the science unsettled. i mean, the, as a day they put out, i don't think anyone in their scientist, scientific division can support them as a scientist and see if it needs a truthful facts that we're putting out. but i think that statement they were making were clearly misleading and designed to, to, to mislead people. so while the oil industry publicly spread doubts internal documents show that its own scientists had warned of global warming. and this 1978 confidential report for exxon's management. a senior scientist says it's scientifically accepted that fossil fuels influence climate. he also writes that within 5 to 10 years, humanity may have to make tough decisions in this field. a few years later, in 1981, the head of exxon's research department warns that the consequences of global warming may be catastrophic for a substantial fraction of the population. that was almost 40 years ago. yet exxon's ceo later says th

on its website, exxonmobil says it's data on climate change was published in scientific journals. however, exxon fails to mention the ad sit, lay to put out, calling the science unsettled. i mean the, as they have, they put out, i don't think anyone in their scientists, scientific division can support them as a scientist and say of this, these are truthful facts that we're putting out. i think that the same as they were making were are clearly misleading designs of to, to, to mislead people. so while the oil industry publicly spread doubts internal documents show that its own scientists had warned of global warming in this 1978 confidential report for exxon's management. a senior scientist says it's scientifically accepted, but fossil fuels influence climate. he also writes that within 5 to 10 years, humanity may have to make tough decisions in this field. a few years later, in 1981, the head of exxon's research department warns that the consequences of global warming may be catastrophic for a substantial fraction of the earth's population. that was almost 40 years ago, were yet e

welsh have all been part of with exxonmobil. >> without objection. >> thank you. we'll provide that information. the quote from the "l.a. times" article dated october 23, 2015, the headline is how exxon went from leader to skeptic on climate change research. throughout much of the 1980s, exxon earned a public reputation as a pioneer in climate change research. it sponsored workshops, funded academic research, and conducted its own high tech experiments exploring the science behind global warming. but by 1990, the company in public took a different posture, mr. woods. while still funding select research, it poured millions into a campaign that questioned climate change over the next 15 years. it took out prominent ads in "the washington post," "the wall street journal," and "the new york times," condemning climate change science as murky and uncertain and it argued regulations aimed at curbing global warming were ill-considered and premature. how did one of the world's largest oil companies, a leader in climate research, become one of its biggest skeptics? one of y

exxonmobil has roughly 70,000 employees. we're proud of the contributions we make every day to improve the lives of people across the world. exxonmobil has long recognized that climate change is real and poses serious risks. but there are no easy answers. as the international energy agency has said, oil and gas will continue to be necessary for the foreseeable future. we currently do not have the adequate alternative energy sources. at the same time, we know the combustion of oil and gas releases greenhouse gases and that the united nations intergovernmental panel on climate change has concluded that increased greenhouse gases can contribute to the effects of climate change. that's one of the issues we must address and one that we are well-positioned to continue our work on, reduced the emissions that result from the combustion of oil and gas. this hearing comes at an important time, as the world is challenged with how to meet the growing need for energy while reducing emissions to mitigate climate change. the recent disrupt

but a p, i hasn't replied nor agreed to an interview. exxonmobil and api i right, that they are working on technologies that may reduce climate change. they've also said this in commercials, plans, capture seo, tim. what if other kinds of plans captured it to if reduced carbon emission levels to the lowest in a generation? let's make tomorrow better together. ah, b on dog light beyond petroleum b, b. but how green are the oil companies actually today? we asked the world's 5 largest oil companies, how much they invest in green technology, and how much they invest in extracting fossil fuels. chances that it now spends 5 percent of investments on green technologies. the french oil company total says it spends 10 percent b, p, chevron, and exxon mobil did not answer. so we asked influence map an organization who analyzes key climate issue figures to review their investments. the figures show that all 3 oil companies are at the low end and chevron is less than one percent. 2 combined figures show that the wells, 5 largest oil companies, fossil fuel investments, are at 95 percent on average b

why we weren't using the drilling technologies at exxonmobil to drill for hot rocks rather than oil and gas. >> reporter: the company wasn't moving away for fossil fuels fast enough for his sense of urgency, and he says when hurricanes knock power from his uhouston home and his homeowners association banned solar panels he quit, packed and moved to the greener pastures of geos, the 28 completed homes with goats instead of lawn mowers, felt like proof of a better way. but then he was forced to sell the rest of geos in a divorce settlement and despite their fierce objections, the new developer is now installing gas lines for the next phase of homes. >> the story of my neighborhood being a failed experiment in building without gas pipelines is not only false, but it also endangers the transition away from methane gas needed this decade to prevent one-way climate change. >> reporter: since the city council pledged more renewable energy a decade ago he put on his shirt, along with neighbors, asked for their intervention. >> you've got homes that need to be converted that already exist, b

and what will be researched. exxonmobil said at funds, universities to promote green technologies. and shell tells us that wants to help solve the serious climate challenge. why is this a problem? i mean, if they use their money for doing some research for good, what was the problem when the very people, the very institutions, the supposed to be solving the climate crisis, a fundamentally reliant on the industry that has the most to lose from their work. that's a pretty big conflict of interest. jeffrey super thinks that the many millions are intended to influence students, teachers, and scientists. this strategy come straight out of the playbook. the a p i. strategy paper also states informing teachers and students about uncertainties and climate change will erect a barrier against efforts to impose kyoto like measures a measure put in place to limit the emissions of c o 2. and that's why in the medical research community, there are a stablished practices. there are established rules by which one must disclose these kinds of conflicts of interest. many universities used to receive

and what will be researched. exxonmobil says it funds universities to promote green technologies. and shell tells us that wants to help solve the serious climate challenge. why is this a problem? i mean, if they use their money for doing some research for good, what was the book when the very people, the very institutions they're supposed to be solving the climate crisis, a fundamentally reliant on the industry that has the most to lose from their work. that's a pretty big conflict of interest. jeffrey super, thanks to the many millions are intended to influence students, teachers and scientists. the strategy come straight out of the playbook. the a p i. strategy paper also states informing teachers and students about uncertainties in climate change will erect a barrier against efforts to impose kyoto like measures a measure put in place to limit the emissions of c o 2. and that's why in the medical research community, there are a stablished practices there established rules by which one must disclose these kinds of conflicts of interest. many universities used to receive millions

p has a say in what will be researched. exxonmobil says it funds universities to promote green technologies. and shell tells us it wants to help solve the serious climate challenge. why is this a problem? i mean, if they use their money for doing some research for good, what was when the very people, the very institutions, the supposed to be solving the climate crisis, a fundamentally reliant on the industry that has the most to lose from their work. that's a pretty big conflict of interest. jeffrey sprint thinks that the many millions are intended to influence students, teachers, and scientists. this strategy come straight out of the playbook, the api i strategy paper also states informing teachers and students about uncertainties in climate change will erect a barrier against efforts to impose kyoto like measures a measure put in place to limit the emissions of c o 2. and that's why in the medical research community, there are a stablished practices there established rules by which one must disclose these kinds of conflicts of interest. many universities used to receive millions from the

we'll peek to analysts that say sell exxonmobile, get it out of here as crude prices rally. >>> put to the test, what the future of president biden's economic agenda and more may be decided by today's virginia gubernatorial race, our home state. >> yes, it is. i cannot wait to see what happens there. the dow is up .4 of a percent. almost the same for the s&p today. again a lot of round numbers we have been hitting lately, the dow over 6,000 the nasdaq adding a tenth of 1%. speaking of big moves in the market we have to check in on shares of avis budget group. they had blowout earnings. there has been a heart is run-up in shortage to about 20% within the past hour, ameritrade added to its list of securities with increased margin requirements these shares, you see, popped as high as $500 today a lot of chatter about this informed like wall street bets the semi etfs is getting a boost from its components. nvidia is now 100% it's doubled for january the eclipsed berkshire- hathawa. berkshire at 654 billion >> that is amazing thank you. >>> the move into small caps gaining momentum the russ

he spent years at exxonmobil. >> i see no reason we were using the drilling technologyi. >> but they weren't moving fast enough for his sense of urgency. he said when hurricanes knocked power from his houston home and his homeowners association banned solar panels, he packed and moved. they have goats instead of lawn mowers. it felt like proof of a better way. but he was forced to sell it in a divorce settlement. despite fierce objections, new developer is now installing gas lines for the next phase of homes. >> the story of my neighborhood being a failed experiment and building without gas pipelines is not only false, but it also endangers the transition from methane gas needed this decade to prevent climate change. >> since city council pledged renewable energy a decade ago, he, along with neighbors, asked for intervention. >> the job here with the next phase of geos has already been done for you. >> so far officials refuse to help it stay gas-free. it's a lesson that while over 100 nations led by the u.s. are pledging to drastically reduce methane emissions, all building codes are

members of congress last week accused the likes of exxonmobil, chevron, bp and show of lying about the impacts of oil on the environment for decades, but company officials say those claims are false. we've been vocal and transparent in our support for governments to implement policies that are cost effective and achieve the greatest emission reductions at the lowest overall costs. society calls to limit fossil fuel usage or amping up at a time when the impacts of the climate crisis are becoming harder to ignore. as of last month, the national oceanic and atmospheric administration says the u. s has suffered 18 climate and weather disasters this year alone, killing more than 500 people and resulting in roughly 105. $5 billion worth of damage. and officials fear it'll only get worse, with the average number of severe weather events increasing by more than half over the last five years. sal jian brazo fox news. the city of santa rosa says the fire season is officially over for the city. the declaration comes after the city received 11 inches of rain during the atmospheric river event and

welsh have all been part of with exxonmobil. >> without objection. >> thank you. the quote from the "l.a. times" article dated october 23, 2015, the headline is how exxon went from leader to skeptic on climate change research. throughout much of the 1980s, exxon earned a public reputation as a pioneer in climate change research. it sponsored workshops, funded academic research, and conducted its own high tech experiments exploring the science behind global warming. but by 1990, the company in public took a different posture, mr. woods. while still funding select research, it poured millions into a campaign that questioned climate change over the next 15 years. it took out prominent ads in "the washington post," "the wall street journal," and "the new york times," condemning climate change science as murky and uncertain and it argued regulations aimed at curbing global warming were ill-considered and premature. how did one of the world's largest oil companies, a leader in climate research, become one of its biggest skeptics? one of your employees, the manager of th

fossil fuel companies like exxonmobil, bp, chevron, and shell have leased the rights to drill in the gulf of mexico. totaling 2,700 square miles for a combined $192 million. it is one of the largest oil and gas leases in american history. now, i know, some of you must be scratching your heads, because last week started with this headline. nearly 200 countries have made an unprecedented and historic pledge at the cop-26 climate summit to speed up the end of fossil fuel subsidies and reduce the use of coal. yet just days later, the united states, under president biden, oversees a move that goes entirely in the opposite direction. the sort of move that works against the u.s.' own stated emission goals. now, scientists say the world needs to be well on its way to cutting greenhouse gas emissions by the year 2030 or risk climate changety. the latest round of oil and gas leases means that companies can produce oil well beyond that deadline. the white house says there wasn't much that president biden could do. his hands were tied. when biden first took office, he put a stop to new oil and g

and that shareholder activists have taken seats on exxonmobil's board. that could be the market reform that is faster than congressional action. i see my time has expired. thank the chair. >> thank you. the gentleman yields back. the gentlelady from new mexico is recognized for five minutes. >> thank you madam chair. let me start off by saying i'm so glad to have this hearing because i don't think you can truly understand the hypocrisy that happens in this capitol and in this building unless you are watching it like we are today or hearing it or participating in it. and the saddest thing of all is we have a president who tweeted about the million jobs he's going to create or the 4 million jobs he's going to create, and you know what's sad? he is creating jobs overseas. because the very people that heat our homes, that put us to work every day, that have a profound effect on our entire country in terms of national security and job creation is under attack. while this committee may not like you because you're executives, because your companies have been su

worried about diversification, you buy one of the large integrated like chevrons i wouldn't be a buyer of exxonmobil but it is a personal preference where you are collecting the market dividend that is growing every quarter whether you deserve to or not. >> the president is getting something he wants, which is weaker oil prices, just important the wrong reason travel and reopening stocks slammed today. airlines are selling off united wiping away all of the gains for the year in the session. cruise stock hit hard on the covid fears. they're all down today double digits look at some of the declines, 11%, 13% other reopening names like casinos and hotels are getting slammed as well. robert, within the carnage are you a buyer of any of these names? that's sort of what we're looking for here as we've heard from a number of people on the program they think today is an overreaction >> yes i would clearly agree today is an overreaction. you look at where we are currently, shopping and travel is coming back in a big way. people want to make up for the lost time, especially the last one-and-a-half years we ex

morgan chase, each down in the trade, you mentioned those ten-year yields, also devon energy and exxonmobile, not just oil prices, but the idea that maybe fuel consumption lower a bit for some oil and gas companies. those particular stocks are lower as well. let's take a look at the juxtaposition between reopening-type trades, more covid pandemic-type trade and the reopening-type situations here zoom 1rd which has been an under performer is up about 2% in the pre-market trade, vaccine makers, moderna back in focus, an underperformer as things have gotten better on some of the anti-viral pill front. up 2.5%. peloton is up. that's been an under performer norwegian cruise lines, down there. the popular tickers searched from yesterday's full session, among the top 10, the top one was inindividualia no surprise there. rivian automotive stays in the top ten as well. week weaker shares yesterday macy's and sweetgreen had big days yesterday, earnings, ipo as always, becky, the rest is on my top ten twitter feed at the domino i will send things over to you. >> thank you very much >>> we will head to

moves in diamondback energy, exxonmobile, you see the tech energy ticker xle down by about one-third of 1%. then a big macroeconomic story outside our borders here if you think inflation in america is bad, you don't want to be in turkey the dollar versus the turkish lyra. the dollar is surging and the turkish lyra is on the heels, prime minister erdogan there is basically reenforcing his country's policy of cutting interest rates at the same praises are rising through the roof in that country it's a controversial policy. it has wide ranging effects on its economy. but that particular administration feels as though cutting interest rates is the right thing to do for their economic independence. the markets don't agree, they're punishing the turkish lyra, the dollar rising sharply, it's certainly something to watch it's been a volatile area before we'll see if that continues. back over to you guys. >> my question is why are everything turkey buying bitcoin, it's back around 56,000 you'd think with everything going on, we might be -- that might have been, in the old days it would be a c

that's what we are hearing from them >> bernard, it's a similar story we heard from chevron and exxonmobile talking about the dividends, the additional shares there repurchased. not too many years ago, it would have been the demand for more capex going into exploration, based on the idea that oil prices have gone up too much how has that changed in terms of investor dynamics? >> i think investors are looking for predictability, discipline, i think you are seeing that particularly here in the united states if you look at the recount in u.s. shale, it was 200 prior to the pandemic today strong gas prices it's down at 100. discipline is the key. we are focused on execution. we want to take care of our balance sheet, which is why six quarters in a row the net reduction is important we want to reward our shareholders we got a dividend over $4 billion per year we have now the potential to grow that at 4% per an nunum. this is a strong return for our valentiners. at the same time we're working on transitioning the company for the future that itself proposition. i think it's well understood now and