Exxon CEO Woods Calls for Global Carbon Accounting System

Exxon Mobil Corp. CEO Darren Woods says the company is advocating for a global carbon accounting system that can enable countries to limit the carbon intensity of products sold within their markets.

• If “you get a carbon accounting system in place around the world,” you can start to account for the carbon intensity of a range of products, Woods tells Bloomberg’s Zero podcast in an interview at the COP29 climate summit in Azerbaijan.
• Woods describes the approach as pragmatic, saying countries want to reduce emissions, but today there’s no mechanism to account for them.
• Woods casts the approach as ...