Fat on record profits, Exxon is abandoning a notorious effort to convince the public it was working on climate solutions.
After spending millions of dollars advertising its investments in algae biofuels research as a path towards solving climate change, Exxon is giving up the facade.
The company is cutting funding ties with several algae research projects, according to new reporting from Bloomberg. The move concludes Exxon’s years-long attempt to gaslight the public and lawmakers into believing it was serious about tackling climate change — and that a combination of advanced technology and green goop would help usher in the company’s vision of a clean energy transition.