Photo Credit:The White House

Big Oil Urges Trump Not to Gut Biden's Climate Law

06 Oct 2024 | Abstracted from MSN

"...oil giants including Exxon Mobil, Phillips 66 and Occidental Petroleum have extolled the benefits of the Inflation Reduction Act. Many in the fossil-fuel industry opposed the law when it passed in 2022 but have come to love provisions that earmark billions of dollars for low-carbon energy projects they are betting on.

"(Exxon)...and Chevron...have promised to pump more than $30 billion combined into carbon capture, hydrogen, biofuels..."

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