ExxonMobil Publishes Global Climate Change Views

Business Editors IRVING, Texas--(BUSINESS WIRE)--April 17, 2001--Exxon Mobil Corporation (NYSE:XOM) is sharing its views today on the important issue of global climate change with major ads in the Los Angeles Times, The New York Times, The Wall Street Journal, and the Washington Post.

"We want to make sure that the public, our customers, the governments we work with, and environmental organizations clearly understand, without third-party interpretation, where we stand on this issue," said Frank Sprow, ExxonMobil's vice president for safety, health and environment.

Stating that the risk of long-term climate change needs to be addressed in a sound way, the company calls for moving beyond the highly-politicized Kyoto Protocol to an effective international climate policy.

The company put forth proposals that encourage voluntary actions through cost-effective investment such as co-generation of energy in manufacturing processes and energy efficiency in business and homes; promotes carbon storage through expansion and protection of forests and emphasis on soil management; focuses international efforts on a framework that supports technology transfer and information sharing; conducts scientific research to improve society's ability to predict possible consequences of future climate change; realistically appraises and addresses barriers to renewable energy (wind, solar) and nuclear energy; and undertakes research on promising long-term technological options that could significantly reduce future emissions (for example, using fuel cells powered by hydrogen from advanced gasoline).

"These proposals are designed to avoid regulatory straitjackets and invite participation by all nations. Because they are flexible, policies can change as experience and knowledge are gained. It is essential to move from Kyoto to practical and politically attainable approaches that recognize the need for affordable energy in our daily lives," Sprow said.

Sprow added that ExxonMobil's concerns about Kyoto are shared by numerous companies and organizations. As one example, he cited a letter to President Bush by the United States Chamber of International Business (USCIB) that represents some 300 U.S. companies, professional services firms and associations. In that letter the USCIB praised the administration's timely initiative to conduct a formal interagency review of energy and climate change policies.

The ExxonMobil ads can be accessed by going to the company's website at www.exxonmobil.com.

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-- Martin Thompson (mthom1927@aol.com), April 20, 2001

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U.S. CLIMATE STANCE TRIGGERS BOYCOTT THREATS United Kingdom, April 5, 2001 (ENS) The USA's decision to abandon the Kyo to climate protocol is sparking a wave of calls from European environment alists and Greens for consumers to take revenge on President George W. Bu sh by boycotting American firms. "Leading the charge in favor of economic punishment to be meted out to the United States are Europe's Greens, who sparked a vote in the European Parliament on the issue today. "Green Pa rty lawmakers asked fellow Members of the European Parliament to back a r esolution calling on European consumers to boycott Exxon, Texaco and Chev ron. These three U.S. based oil firms are suspected of having influenced America's policy shift on the Kyoto Protocol from support under former Pr esident Bill Clinton to withdrawal under Bush.

Meanwhile, boycott campaigns have been launched by some European environm ental groups, such as the UK based Families Against Bush which demonstrat ed today outside the U.S. Embassy in London. "Families Against Bush advoc ates a selective boycott of American products and services until the Pres ident supports the Kyoto Protocol and agrees to reduce U.S. greenhouse ga s emissions. Greenpeace called on America's largest 100 firms to declare opposition to the Bush administration's position or 'face the consequenc es from concerned consumers, institutions and organisation from around th e world. "We've been deluged with requests for campaign action or a boyco tt,' said Greenpeace climate campaigner Stephen Sawyer.

-- (perry@ofuzzy1.com), April 20, 2001.