I'm Not in Love With ExxonMobil's Low-Carbon Strategy

Earlier this month, ExxonMobil (NYSE: XOM) unveiled a new business unit to commercialize its low-carbon technology portfolio. Its focus will be on finding ways to leverage its existing expertise and participate in the energy transition to lower-carbon fuel sources.

While it's a notable step for the company, I don't think it goes far enough. I'm concerned that Exxon will fall behind its big oil rivals that are making bolder commitments to clean up their act.

Image source: Getty Images.

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Source Fool.com