CERAWeek: Climate gap widens between Biden and oil industry

By Shelby Webb, Brian Dabbs | 03/19/2024 06:49 AM EDT

Administration officials and industry leaders diverged sharply on hydrogen and emission cuts as the energy conference opened Monday.

Exxon Mobil CEO Darren Woods speaking Monday, March 18, 2024, at CERAWeek by S&P Global in Houston.

Exxon Mobil CEO Darren Woods speaking Monday at CERAWeek in Houston. CERAWeek by S&P Global

HOUSTON — Top Biden administration officials urged faster action to slash greenhouse gas emissions here Monday, but they were surrounded by oil and gas executives who said existing climate goals may not be met on time.

Energy Secretary Jennifer Granholm and White House climate adviser John Podesta championed unprecedented government spending on clean energy initiatives, saying they had cleared the way to a lower-emissions future.

Leaders of some of the world’s largest oil and gas companies — including Exxon Mobil and Saudi Aramco — challenged the market’s willingness to adopt “clean” hydrogen and said climate efforts have hit a snag.


Looming over the outlook: whether President Joe Biden retains his job after the November election against presumptive Republican nominee Donald Trump.