The ad claims that the company puts profits above action on dangerous climate change. It’s part of a wider campaign by activists against tax incentives and other federal support for fossil fuel production.
“Energy use and climate change are critically important challenges facing society that won’t be resolved with media campaigns that rely on provocative language and false allegations,” Exxon said.
The company and oil industry more broadly are battling proposals to end tax deductions, arguing the efforts unfairly single out the industry for punishment and would stymie energy development.
Oil industry critics say that the tax code should not reward fossil fuel development at a time when scientists are increasingly sounding the alarm about runaway global warming.