One of the big deals that ExxonMobil has announced in the past year involves access to the Russian Arctic, where it is partnered with a Russian firm to access many billions of dollars worth of reserves involving big investments ExxonMobil would make north of the Arctic Circle. Why is that oil accessible? It’s because sea ice is melting in the Arctic. Global warming may, in fact, unlock enormous opportunities for oil companies.
— As ExxonMobil attacked global warming publicly, geologists working within ExxonMobil were examining how a warmer Earth — resulting from global warming — could create new business opportunities for ExxonMobil.