What a proxy fight at ExxonMobil says about big oil and climate change

“THE STONE age did not end for lack of stone, and the oil age will end long before the world runs out of petroleum.” That battle cry has long animated critics of Big Oil, who dream of a phase-out of hydrocarbons in favour of cleaner fuels and technologies. Their bête noire is ExxonMobil, long the richest and mightiest of Western oil supermajors—and the most unrepentant in its defence of crude. Lee Raymond, a formidable former boss of the Texan titan, once told your correspondent to get out of his office after being challenged over his flagrant denial of climate science.

How the times have changed. Darren Woods, who currently

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