Large oil companies must possess considerable scientific expertise. In that respect as in others, Exxon has always been an industry leader: the company today says it employs about 16,000 scientists and engineers. So it is no surprise that by the late 1970s and early 1980s, Exxon scientists largely understood climate change—not only its basic mechanism but many of its implications, including its potential implications for the oil business—and had explained it to the company’s leaders. By David Kaiser and Lee Wasserman.
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