How ExxonMobil Is Banking On Biofuels

CNBC published this video item, entitled “How ExxonMobil Is Banking On Biofuels” – below is their description.

ExxonMobil, one of the most powerful players in the energy industry, is at a crossroads. For more than a century, the company made billions selling and refining oil and gas and was seen as financially and politically untouchable. But today, with mounting concerns around climate change, the company is coming under pressure from both outside and within to transform its business and figure out a place in a lower carbon future. Watch the video to learn about how ExxonMobil started out as a company making kerosene, why some blame it for a climate change misinformation campaign, and where the company says it will generate future profits as the world transitions away from oil and gas.

The full documentary, “ExxonMobil at the Crossroads,” is streaming now on Peacock and CNBC.com.

Chapters:

00;30;05 History of ExxonMobil

03;31;23 Misinformation campaign?

06;05;08 Shareholder rebellion

09;40;06 Low carbon projects

13;48;27 Biofuels

CNBC YouTube Channel

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About This Source - CNBC

CNBC is an American pay television business news channel owned by NBCUniversal News Group, a division of NBCUniversal, with both indirectly owned by Comcast. Headquartered in Englewood Cliffs, New Jersey, the network primarily carries business day coverage of U.S. and international financial markets. Following the end of the business day and on non-trading days, CNBC primarily carries financial and business-themed documentaries and reality shows.

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