ExxonMobil won't compete on climate efforts

The US oil company is facing an "inevitable upswing" and refuses to enter any sort of climate-related "beauty match".
Photo: Richard Drew/AP/Ritzau Scanpix
Photo: Richard Drew/AP/Ritzau Scanpix

Darren Woods, chief executive at oil giant ExxonMobil, wants to avoid a "beauty match" with other companies in setting carbon reduction targets, he noted to the New York Stock Exchange on the firm's annual investor day, according to Financial Times.

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