How ExxonMobil Is Banking On Biofuels

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Manage episode 337062046 series 3004478
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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 » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #cnbc How ExxonMobil Is Banking On Biofuels

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