ExxonMobil is also developing green hydrogen and carbon capture technologies. (Photo: iStock)
Upon taking office, U.S. President Donald Trump immediately announced the withdrawal from the Paris Agreement, rejecting the obligations set by the United Nations for carbon reduction.
However, some oil and gas industry leaders have expressed concerns that this move does not help their push for clean energy investments, highlighting the misalignment between policy and industrial development during the energy transition.
Oil firms: Trump’s exit risks unbalanced regulatory environment
According to Reuters, multiple industry representatives voiced concerns, with major oil companies believing that Trump's exit from the international climate agreement would only reduce the U.S.'s influence in the global energy transition, placing businesses in an unbalanced regulatory environment.
