ExxonMobil says it believes “the risk of climate change is real,” and it is “committed to being part of the solution.” The largest investor-owned oil company in the world also says it supports a federal carbon tax and the Paris climate agreement.
Then why, after all these years, is the company still financing advocacy groups, think tanks, and business associations that reject the reality and seriousness of the climate crisis, as well as members of Congress who deny the science and oppose efforts to rein in carbon emissions?
According to the company’s latest grantmaking report, it gave $772,500 to 10 such groups in 2018, which does not include its annual dues to trade groups such as the American Petroleum Institute, which opposes a carbon tax. In addition, ExxonMobil continued to promote gridlock directly on Capitol Hill. Two-thirds of the $1.65 million it spent on congressional election campaigns during the 2017-18 election cycle went to climate science deniers.
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