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Stock impact report

Big Oil breaks with Trump on potential second withdrawal from Paris Climate Agreement [FOX News]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: FOX News
Big Oil is calling on President-elect Donald Trump to keep the U.S. in the Paris climate agreement after withdrawing from the treaty during his first term. The Paris Agreement, established at the U.N. Climate Change Conference in 2015, is a legally binding treaty between nearly 195 parties who are committed to international cooperation on climate change Trump officially withdrew from the treaty in 2020, but the U.S. was reinstated to the climate agreement in 2021 after President Biden took office. After winning a second term in the 2024 election, Trump is expected to consider a second withdrawal from the agreement. However, some oil companies have expressed opposition to the idea. When Trump first announced plans to withdraw from the climate agreement in 2017, then-CEO of Shell, Ben van Beurden, was opposed to the idea. "We believe climate change is real," van Beurden told NPR. "We believe that the world needs to go through an energy transition to prevent a very significant Show less Read more
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