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Episode 553Nov 5, 2021

Climate change is coming for Exxon’s assets

This is good for the planet, bad for the company.

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An ExxonMobil refinery in Rotterdam, the Netherlands. Many companies have publicly committed themselves to reducing carbon emissions, but some experts question whether their methods will be effective.
An ExxonMobil refinery in Rotterdam, the Netherlands. Many companies have publicly committed themselves to reducing carbon emissions, but some experts question whether their methods will be effective.
Dean Mouhtaropoulos/Getty Images

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In a new securities filing, Exxon says some of its oil and gas reserves may face impairment, which means they will likely have to stay in the ground because of climate change. On the show today, we’ll discuss why this is a big deal. Plus, the incoming New York City mayor wants to get paid in bitcoin, Hawaii is welcoming back tourists and tacos in space!

Here’s everything we talked about today: 

 
Willow wants to play ball, not take pictures.
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Read the transcript here.

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The Team

Climate change is coming for Exxon’s assets