"Let the Market Decide": Exxon's Response To European Energy Policies

Europe's climate and energy policies are very prescriptive and geared toward picking energy transition winners and losers instead of letting the market decide which solutions reduce emissions at the lowest cost for society, ExoxnMobil's chief executive Darren Woods says.  The Inflation Reduction Act (IRA) in the United States, on the other hand, sets emissions standards and lets the market work to deliver on the objective of reducing emissions and lowering emissions intensity, Woods said this week on the podcast of Nicolai Tangen,…