Exxon Mobil Corp. set a quarterly profit record for a U.S. company, surging past analyst estimates.
Exxon Mobil, the leading U.S. oil company, said its 2008 third-quarter net profit was $14.83 billion, or $2.86 per share, up from $9.41 billion, or $1.70, a year earlier. The company’s prior record was $11.68 billion in the second quarter of 2008.
A new report shows global spending on carbon capture and hydrogen subsidies "failed to make a dent in carbon emissions" after 50 years of research and development.
The Tory leadership candidate has criticised the UK’s net zero targets while accepting donations from fossil fuel investors and climate denial funders.
A flagship climate scheme will cost taxpayers billions, with no guarantee of a meaningful impact on emissions.
Rupert Lowe has been campaigning against climate action while owning a heat pump supplier.
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