right now in exxon mobil denies. withholding data on climate change. it's website states that the risks of climate change are real and that x on mobiles research has been published in scientific journals. we'd like to ask exxon mobil. wyatt funded climate skeptics, and in add some statements as cost bout some climate science. but exxon did not answer these questions and declined an interview. we'd also like to ask a p, i about the critique that it spreads doubts about climate science. but api i hasn't replied nor agreed to an interview. when exxonmobil and api i right, that they are working on technologies that may reduce climate change. they've also said this in commercials, plans capture c o 2. what if other kinds of plans captured it to is reduced carbon emission levels to the lowest in a generation? let's make tomorrow better together. ah. beyond dogs, light beyond petroleum. b, b. but our green ah, the oil companies, actually today we asked the wells 5 largest oil companies, how much they invest in green technology and how much they invest in extra

well, they also received money from exxon mobil. they, the oil industry was a main bank roller and cheerleader for opposition to climate action. their financial support of the climate skeptics in the scientific community ensured that we had the references and the citations that we needed to make a credible argument with is the earth getting warmer and there's a lot of discussion about that? is it? oh, i think in it the answer to that is in some places. yes. and, and others know, patrick, michael's doesn't want to comment on the critique that he has received money from the oil industry, climate, skeptical scientist willie soon didn't respond to the critique that he's been paid by the industry. fred sing as lawyer has been presented with the critique of singer, but hasn't replied steve. malloy dropped an interview at short notice and has declined to comment on the critique. many of them have previously said that their research isn't influenced by money from. for instance, the oil industry. this is all about deflection. it's all about

b, p. chevron, an exxon mobil did not answer. so we asked influence map an organization who analyzes key climate issue figures to review their investments. the figures show that all 3 oil companies are at the low end and chevron is at less than one percent. 2 combined figures show that the wells 5 largest oil companies, fossil fuel investments are at 95 percent on average. wow. oh, i think it's fair to say that the climate change deniers have why? that in 1988 jim hanson tells us the climate change is underway. so if it had not been for the denial campaigns, i think it's pretty clear the political momentum was there with the political will, was there. they have succeeded in preventing climate action for several decades where it would have occurred earlier, had it not been for their efforts. today, we could be living in a world where $6080.00 maybe even 90 percent of our energy would be from renewable energy. we've had 30 years, that's a lot of time to make technological change. and we'd also be living in a different world politic

the ceo's of exxon mobil, chevron b. p. america, i'm the president of shell, appeared before the u. s. congress. they were asked about by roles in down playing the threats of global warming. it's the 1st time the oil bosses have testified under oath on the subject. heidi j a counselor has his report. it's been a year of historic wildfires in the american west. deadly freezes in the south and record breaking flooding in the east. the fury of these weather disasters likely amplified by climate change nearly matched by the anger of democrats on the house oversight committee, who grilled oil and gas ceos on thursday. there are more of us than there are of you. you can poison the planet to make money, but we're going to defend the planet so we can live and we will win. find it in yourself today to tell the truth. it will be better for your company's futures and will be better for humanity's future. the purpose of the hearing, according to the democrats, who called it, was to force the oil and gas industry to admit that it kne

the ceo's of exxon mobil, chevron b. p. america and the president of shell were asked about the roles in down playing the threats of climate change. u. s. president joe biden does not appear to have the full support of his democratic party for his $1.00 trillion dollar spending program. he made a red trip to the capital to urge sentences to buy it. the u. k. a sub in the french ambassador helped and seizure if a british fishing vessel g. countries on a dispute about fishing licenses in the english channel falling breaks it rebels in ethiopia, take ry region, say at least 10 people, including 3 children, have been killed in another. government asked strike the therapy. an army says a talk. is it a facility used by t gray people's liberation front in the regional capital mckelly? the t p i left says a civilian residence was hit. you and his warning the voice he is pushing more civilians at risk. to airstrikes were reportedly carried out on residential area. anti grace capitol mckelly. according to initial reports, 6 people

that committee chair woman asking the ceo of exxon mobil for instance, about his reaction to a 40 year old memo, they really wouldn't digging deep here in this memo, written by a top exxon scientist at the time, warning management. at that time, in the 1980, that climate change could have quote, catastrophic consequences. while the seo of exxon mobil did not address that, the company at the time instead went on to bury that research and told the public that climate change may actually benefit the planet. so intense questioning. there . now, course this is partisan, is all things here in washington. republicans on the committee were quick to come to the fios defense, saying that the oil and gas industry creates american jobs and warms american homes, drive cars here. but democrats who initiated this investigation say the hearing is only the very beginning of what's likely to be a very long verification to hold the oil companies accountable. ok, heidi, thanks so much for that update from capitol hill that hearing going on right now, we will speak to kathy movie. she's the accountability

s. congress and ceo's of exxon mobil chevron b. p. america, the president of shell, were asked about their roles and down plain stress of climate change. and climate change is expected to be one of the main topics at the g 20 summit in italy. president biden has.

does exxon mobil educate workers on possible job loss from climate change? and have you advised workers you believe addressing the climate crisis may cause some of them to lose their jobs? >> we've talked about with our organization is the opportunity to address the risk through investments and technologies -- >> i'm asking about people's jobs, sir. >> i'll get to that. >> well, i don't have a lot of time. so do you talk to them about they may lose their jobs, yes or no? >> we believe the transition will involve capabilities and skill sets consistent with our businesses and can evolve into different applications like carbon capture. >> got it. do you have specific programs to protect the workers you currently employ? is that what you're saying? >> as the world transitions and as the solutions will be required like hydrogen, those investments will require workers to operate those facilities. >> i understand. would you say that from your perspective the company considers the well-being of your workers when you're making new business decisions? >> we believe --

does exxon mobil educate workers on possible job loss from climate change? and have you advised workers you believe addressing the climate crisis may cause some of them to lose their jobs? >> we've talked about with our organization is the opportunity to address the risk through investments and technologies -- >> i'm asking about people's jobs, sir. >> i'll get to that. >> well, i don't have a lot of time. so do you talk to them about they may lose their jobs, yes or no? >> we believe the transition will involve capabilities and skill sets consistent with our businesses and can evolve into different applications like carbon capture. >> got it. do you have specific programs to protect the workers you currently employ? is that what you're saying? >> as the world transitions and as the solutions will be required like hydrogen, those investments will require workers to operate those facilities. >> i understand. would you say that from your perspective the company considers the well-being of your workers when you're making new business decisions? >> we believe --

but chose not to tell the public as evidence, internal memos from exxon mobil drafted nearly 40 years ago, warning management that climate change could produce catastrophic effects for much of the world. mr. woods, given these grave warnings from exxon's own scientists over and over and over again. do you believe that it was ethical for exxon to run a new york times advertisement that down played, downplayed the risk, and instead highlighted the potential positive impact of climate change from mobile. the oil ceo's denied deliberately misleading the public and pointed to recent efforts to move toward clean energy. b p says it's striving for net 0 emissions by 2050. i recognized that some made out how serious we are about are in it 0 ambition. i get it or progress hasn't always been a straight line, but we've learned a great deal and we view the path we're on as a business imperative. then we an exxon mobil lobbyist was secretly caught saying this in june. did we aggressively fight against some of the science? yes, exxon mobil fired the lobbyist saying he did not represent the company'

of course, sylvia, if you look at this tweet from exxon mobil, we're supporting the goals of the parents agreement with the little gift they're explaining how they think they're doing that. and, you know, sylvia have to ask you, i mean, it seems as if green washing at its most basic, is really just when a company tries to appear more green than it is as we just heard. but what, what does this morphing into? i mean, how is this becoming maybe more sophisticated? what is the real problematic element? i, it's a very good question and i think the de tweets that you brought up as an example is great because we're talking about advertisements. and we're used to think about advertisement as, as talking about products specific products. but the advertisement that was seen at nowadays from philosophy companies very rarely display a project that they're trying to sell and eat. so a lot more than just then selling it, selling the product itself. well, i didn't, i don't think any of us has seen recently a fossil gas pipeline on a positive company ads or a barrel of oil, what they do isa, and exactly

he's exxon mobil's ceo it's always good to see you.u again. >> let's talk a little bit about the numbers. these are just hitting, but some of the things within the release say free cash flow of $12.1 billion, that was used to do a lot of things, including strengthen the balance sheet, pay down debt. do you want to talk a little bit about what happened and where things stand specifically with the balance sheet right now? >> sure. as you know, prior to the pandemic we were on an initiative to change the organization, restructure, refocus on our competitive advantages and try to leverage those. the pandemic was challenge, difficult market conditions, had to leverage up to continue to support the business and keep the company position for what we knew would be an eventual return to normalcy and we're seeing that down and the steps we took in 2018, 2019 and through the pandemic, cutting our costs and becoming more capital efficient and reorganizing the businesses, are now delivering results we're basically paid off $11 billion of debt and w

to birds billionaire list he is now worth nearly $290 billion for the exxon mobil's largest over $272 billion because yesterday tesla's market cap hit one trillion dollars the company now marks higher value than the next 11 automakers combined. that's despite only selling around 2% of cars in the industry. >>> jeff bezos wants to build a commercial space station that's nearly as big as the international space -- visitation. >> that could be used to host science experience, vacation getaways, and even in space manufacturing origin hopes it could be operational in the late 2020s, the projects are incredibly expensive but risky, they will likely cost of the tens of billions of dollars and will require multiple safe lunches before you get to take a ride. >>> taking a quick break but when we come back we are checking in with mary one last time about what whether you can expect the rest of the day. >>> today on the drew barrymore show, just from queen -- tom >>> youtube and tick-tock executives are on the hot seat to the u.s. lawmakers asking what the companies are doing to keep kids safe o

the oil companies, exxon mobil, for example, say they have devoted significant resources to addressingst— oil future. that we are looking at a post— oilfuture. what that we are looking at a post— oil future. what is the single biggest factor that is hampering progress towards that future? to hampering progress towards that future? ., , ., , , future? to be honest, is the fossil fuel _ future? to be honest, is the fossil fuel industry - future? to be honest, is the fossil fuel industry which - future? to be honest, is thej fossil fuel industry which are the source of about three quarters of all greenhouse gas emissions and governments alone cannot make the difference. we need companies to take a leadership on this and the real question is, are we going to see the existing companies, energy companies which they are these enormous long—lived oil and gas companies take the lead themselves or will it be new companies? in other words will it be like the automobile industry where you need a tesla, a brand—new company to revolutionise the way we drive. it might be the same in the oil and gas i

the ceo's of exxon mobil chevron b. p. america, the president of shell, were asked about their roles and downplaying the threats of climate change. the warming climate is expected to be one of the main topics of the g 20 summit in italy. president biden has arrived in rome to meet with leaders at the wells 20 biggest economies. he's also expect you to visit the pope all to that to day gathering bod and will had to glasgow for.

. >> exxon mobil has recognized that climate change is real and poses serious risks. >> we work against some of the early efforts, yes. reporter mike this is following the release of a video in june that shows former exxon lobbyist speaking about the company's efforts to fight climate science. but the ceos of exxon mobil and chevron say their companies have not engaged in disinformation campaigns. >> any suggestion that chevron is engaged in an effort to spread disinformation and mislead the public on these complex issues is simply wrong. >> is disgusting -- >> reporter: republicans question the legitimacy of the questions by the democrats. >> this is to deliver partisan theater for prime time news. >> reporter: oil company executive said they would do their part to combat climate change. >>> the united nations climate conference begins in glascow at the uk with the united states as a part of has ambitious goals to fight climate change. joining ms. joe white, the british consul general in san francisco. thank you for being here. >> thank you for having me on. >> talk about the conferenc

welsh have been part of with exxon mobil. >> without exception. >> thank you. >> we'll provide that information. so the quote from the "l.a. times" article dated october 23rd, 2015, the headline is how exxon are went from leader to skeptic on climate change research. throughout much of the 1980s, quote exxon earned a public reputation as a pioneer in climate change research, funded economic research and conducted its own high-tech experiments exploring the science behind global warming, but by 1990 the company in public took a different posture, mr. woods, while still funding select research it poured millions into a campaign that questioned climate change over the next 15 years. it took out permanent ads in the "washington post," the "wall street journal," and "the new york times" condemning the climate change scientists, marking an uncertain, and argued regulations aimed at curbing global warming were ill considered, and premature. how did one of the world's largest oil companies, a leader in climate research become one of its biggest skeptics? one of your employees, the manager of science an

as many have referenced earlier to be caught on camera defending exxon mobil early efforts against climatece stating there is nothing legal - - illegal about doing that looking out for investments or shareholders and did not mention workers and now they can no longer hide and then to shift climate liability and onto the backs of the workers with a long-term impact climate change has on the livelihood the entire oil industry backed groups in the name of protecting good jobs and workers. it is not the ceo and big bosses that made oil refinery jobs good jobs it was unions and workers who fought for decades and are still fighting for these benefits we can support workers to have good jobs i employ them to give oil refiners sct at the table i remain steadfast that they are held harmless and supported ins this transition all corporate polluters pay for the information they have held for decades. with that i yield back. >> ms. omar is authorized to participate are recognized for fiveiv minutes. >> thanko you so much madame chair there has been a lot of conversations around the coordinated efforts

and there may be some evidence to the ladder because in june, a lobbyist for exxon mobil was caught on camera secretly recorded, saying that exxon mobil support for a carbon tax was a ploy because the company believed that such a policy would never become reality. meanwhile, this was happening as recent polling shows that americans are growing increasingly alarmed by climate change that nearly 6 and 10 americans. now believe climate change is happening at the celebrated pace and the majority you want policies are confronted. ok. hi did. thank you so much for that reporting from capitol hill. now the u. k says threats by franz to block british boats from its ports or a breach of international law. it's the latest escalation and a dispute link to a post for exit fishing agreements. comments come after francis, the british boat fishing boat and its waters without a license. paris is threatening sanctions if the u. k. doesn't grant more licenses to french fishermen in u. k. waters. the british government says any sanctions would be met with the appropriate retaliation. it is very disappoin

reconsist opportunitied board of directors not unexpected, perhaps. >> i want to spend time on exxon mobileems more security they have reduced their debt as well, really with a focus, jim, for both of these companies is on their plans to continue to lower their carbon intensity they will announce more aggressive emission reduction plans later this year. >> no exxon, they plan to spend $15 billion over the next five years, and of course the carbon capture projects in development. we are going to get an update as well they have already hit a lot of their goals for 2025 they all were in front of congress yesterday not as many headlines from that as you might have anticipated. they've been in person, maybe there will have been a bit more drama i. >> aoc wanted mike wirth to resign, and i said, please don't resign, it could hurt the stock. >> again, they also can use the increased earnings and cash flow right now to increase spending on reducing carbon. >> by the way, how about, david, you've got to get an over the shell situation. so loew, the acti activist, mig be -- that's exxon this morning

he's about $289000000000.00 for his personal worth. exxon mobil, 272000000000. exxon mobil, the largest in the fossil fuel industry. so yeah, the futures bright for a guy who, 10 years ago was losing his hair and now has a foreheads, a pretty good bus. swan hope it doesn't have to you and chris the i you both for your time. so good. they and this back craze continues this with the u. s. stock market as content creation cor, phase class has now it will become a publicly traded firm. mitigate $1000000000.00 initial evaluation in a 1st for the gaming collective. the group is i a fundraising hall of nearly $300000000.00 to boost its online presence and endeavors. now, according to phase, the group has a reach of around 350000000 fans across all of the social media platforms. while the hyper on the listing is surrounded by optimism and not everyone is convinced with some journalists in the sphere, calling it just that all high, i mean 1000000000 dollars this surely that, i mean there's been a lot about specs been said for, for many months at least this year after the craze really picked up.

you heard the exxon mobil boss saying there was no inconsistency. what is your response?ved in climate research back in the 70s and 80s. it basically stopped, i don't see a lot of consistency in how important the programme was and has not been any action on their part since that plan. action on their part since that ian. , action on their part since that ian, , ., , ., action on their part since that ian. , ., plan. tell us about your own experience _ plan. tell us about your own experience conducting - plan. tell us about your own l experience conducting climate research for exxon.— experience conducting climate research for exxon. ., ., . ., . research for exxon. leading academic institutions at _ research for exxon. leading academic institutions at the _ research for exxon. leading academic institutions at the time _ research for exxon. leading academic institutions at the time developing i institutions at the time developing research on exxon oil tankers and studying the involvement in global construct and a major undertaking they spent hundreds of thousands of dollar

woods exxon mobil now publicly acknowledges the climate crisis while privately funding organizations that promote climate denial or misinformation. isn't it true between 1998 and 2017, exxon mobil corporation spent $36 million with think tanks to promote climate denial? >> i cannot comment on the figure but our position that we have taken. >> you would not disagree with that amount? >> and i have the numbers i cannot confirm or deny that this is consistent with the position we take publicly. >> and then to be connected with co2 emissions. correct. >> you spend a lot of money to get across the false point that co2 emissions do not impact climate? >> i don't agree with that characterization we long acknowledge. the linkage with the risk of climate change. >> in 1979 exxon mobil commission a groundbreaking study that released carbon emissions would endanger humanity. but isn't it true that no operational changes were made to respond to those findings the business operations and products were endangering on —- endangering humanity? >> i'm not aware of any unique understanding we engage w

that's 17 billion more than exxon-mobil.can thank tesla for the bump in market cap passed $1 trillion. and that does it for me. thanks very much so far joining. i'm isa soares. early start with christine romans and laura jarrett next. more on the pfizer vaccine for young children. have a wonderful day. we'll see you tomorrow. bye-bye. i don't just play someone brainy on tv - i'm an actual neuroscientist. and i love the science behind neuriva plus. unlike ordinary memory supplements, neuriva plus fuels six key indicators of brain performance. more brain performance? yes, please! neuriva. think bigger. >>> a major step in the battle against covid. kids can start getting vaccines as soon as next week. >>> critical details coming together for president biden's economic package. can it get over the finish line before he heads to europe tomorrow? >> there are double and triple checking our weapons after the armourer gave them to us. whether they were cold or hot. >>> and new concerns this morning about the weapons on the set of "r

we heard of exxon mobil and chevron. cash will surge, of course, because record oil prices have a three or high. we spoke with the ceo, who says that despite what other people are talking about, we are not feeling the. >> we are not seeing higher costs. our sectors are still operating below pre-covid capacity. there are some things that tied to the general economy, and energy pacific infrastructure -- there is a lot of cost that we are not seeing at this point time. even if we are seeing modest decreases, they are still well below the covid. we are well under control. costs under control, and they may stay high. let's bring in a j.p. morgan chase global head of strategy, and it does feel like a bit of a perfect storm. in a good way. for oil and gas companies. they focus on their balance sheet, and they got their costs in line, they really got used to the price of oil. $40 below where we are. the seems like a lot of gravy. helen is a go on. >> it is really good. it is recovering. the world's reopening right now, and we be

. >> according to filings, manchin has taken $12,500 in campaign contributions from exxon mobil's pacbelieve it or not. senator manchin has closer ties to the industry. these ones are family ties. before he ran for public office, manchin founded enter systems, a coal and energy resource company. he passed that business onto his son, but that hasn't stopped him from raking in the cash because between 2011 and 2020, manchin received a total of more than $5 million in dividend income from inner systems. so now that we have a clear idea of manchin's banking and personal interests in all this, are we really surprised that he would oppose money to help our country break its addiction on fossil fuels so that we could avoid disasters like the one we are seeing playing replay out in real time in california? we're going to get into that next with the house select committee with mike levin and professor of environmental anthony skpolg activist dr. in an greer. plus, my saturday night panel has a little bit of everything. controversy, hypocrisy. including the nightmare before christmas. no, not t

it -- the same has been shown for other oil companies such as exxon mobile in the u.s.o is not surprising putting together. anchor: are you surprised they managed to keep this under the rug for 50 years? professor: at the same tim you know, this magazine, published in' 71 it, where they published the information showing they were fully aware of the consequences of burning fossil fuel, it was a public magazine. it was not only an internal magazine but it was also a public magazine that 6000 people are reading athe time. it was not sret. it is just coming back to the rface thks to historians but at the time, they were not hiding it. anchor: unsurprisinglyanchor:, they have refuted the findings. i will read some of the things the press release as today. they said after their knowledge of climate risk since the 1970's have been no different than those published at the time. the company says it deploys a process of appointing situation from 50 years ago without highlighting the efforts they have made. what do you make of the review desperate -- rebuke? pressor: they're tryin

today, they are planning to grill the top executives from exxon mobil, b.p., chevron and shell. they waged a campaign to cover up the impact of fossil fuels on the climate. >>> deadline day for democrats. they are trying to reach a deal on president biden's spending plan before he leaves for europe. paid leave is on the chopping block. paid leave was one of the cornerstones of the president's plan. he may delay his flight to europe to continue negotiations. faith, good morning. >> reporter: good morning to you, mona. president biden wanted a deal done on this spending package before he leaves for his foreign trip. but there's a new fight now over which provisions can stay or go. this morning, president biden, expected to make a rare capitol hill appearance, as he desperately pushes democrats to carry his domestic priorities over the finish line. sources telling abc news, federal paid family and medical leave could be out of the package, a potential move to satisfy joe manchin, whose democrats need in the 50/50 senate to pass the bill. >> to expand social programs when you have t

the ceo's of exxon mobil chevron b. p. america, the president of shell, were asked about their roles and downplaying the threats of climate change. the warming climate is expected to be one of the main topics of the g 20 summit in italy. president biden has arrived in rome to meet with ladies at the wells 20 biggest economies. he's also expected to visit the pope all to that to day gathering bod, and will had to glasgow for un climate summit. back at home biden is struggling to finalize assess spending bills. he doesn't appear to have the full support of his democratic party for his $1.00 trillion dollars spending program. a key group of politicians says it will not vote on the infrastructure bill without the build back, better act the not about left versus right or moderate versus progressive or anything else to pitch americans against one. this is about competitiveness versus complacency, competitiveness versus complacency about expanding opportunity not opportunity didn't and i spoke leading the world or letting the

one person from each of the sponsors and the main sponsor as a say in what research is funded, is exxon mobil berkeley birthplace of the 1900. 68 student uprising has an energy research center in which the oil company be p as invested millions, according to jeffrey superman. b. p has a say in what will be researched. exxonmobil says it funds universities to promote green technologies. and shell tells us that wants to help solve the serious climate challenge. why is this a problem? i mean, if they use their money for doing some research for good, what was the book when the very people, the very institutions they're supposed to be solving the climate crisis, a fundamentally reliant on the industry that has the most to lose from their work. that's a pretty big conflict of interest. jeffrey super thinks that the many millions are intended to influence students, teachers, and scientists. this strategy come straight out of the playbook. the strategy paper also states informing teachers and students about uncertainties in climate change will erect a barrier against efforts to impose kyoto like measu

and the chair of the committee, a she asked for a commitment from the companies which included exxon mobild shell that they would not spend money opposing efforts to tackle climate change. here is the ceo of bp america responding. what i would say is that we have stopped all reputational advertising at bp. i know you have taken steps in the right direction and i heard that in your testimony, thank you, but will you take the pledge, yes or no. for your specific pledge what we are advocating for low carbon policies that do in fact take the company and the world to an net zero. that is the pledge i am willing to commit to. well i will ask if you will stop spending money directly or indirectly to oppose efforts to reduce emissions and address climate change. just stop spending money. that's all lies. i take it you don't want to take the pledge. all right. 0ur our research fellow at harvard university who executed a study of the exxon comments, hejoins us now and thank you. tell us what you have made of what you heard today7 mil what you have made of what you heard today?— heard today? all told

the ceo of exxon mobil, chevron b. p. america and the president of shell were asked about their roles in down playing the threat of climate change. you as president joe biden is struggling to finalize a set of spending. bells. he doesn't appear to have the full support of his democratic party for his $1.00 trillion dollar program. but it made a rad trip to meet senators out the capitol to urge them to back the package. these are not about love versus right or moderate versus progressive or anything else to pitch americans against one. this is about competitiveness versus complacency. competitors versus complacency about expanding opportunity not opportunity didn't and i smile leading the world. we're learning the world passes by, you know, as a kingdom has some on the french ambassador after the seizure of a british fishing vessel. the 2 countries are at all about fishing licenses and the english channel following breakfast. it rebels in ethiopia, tig ry region, say at least 10 people have been killed in another govern