Ignore the misleading claims about the energy transition, says Charlie Penner
ExxonMobil’s strategy update, released earlier this month, maintained its current focus on disciplined spending on fossil fuel production while laying out more on emissions reduction. This was Exxon’s first strategic update since the election of new directors following a campaign I ran in my previous role at Engine No 1, and the FT has asked me to share thoughts on the company’s progress since that vote.