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Report: Exxon, Chevron, Occidental to join global industry climate group

Sep. 20, 2018 7:53 AM ETExxon Mobil Corporation (XOM) StockOXY, XOM, CVXBy: Carl Surran, SA News Editor27 Comments
  • Exxon Mobil (NYSE:XOM), Chevron (NYSE:CVX) and Occidental Petroleum (NYSE:OXY) plan to join a global consortium of oil and gas producers seeking to address climate change, after refusing to do so for years, Axios reports.
  • The move would mark a policy change for the U.S. oil and gas producers which have resisted joining the Oil and Gas Climate Initiative, led by their European rivals, following its launch in 2016.
  • The OGCI currently comprises 10 firms including BP, Shell, Total and national oil companies of China, Mexico, Brazil and Saudi Arabia, which together account for nearly 30% of the world's oil and gas production.

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