One answer might be that as a stockholder in Exxon, I would strongly object - to the point of trying to replace top management - if they spent billions of "my" money to fight environment zealots, court battles, and then designing and building a refinery which would be unnecessary, and therefor not profitable, by the time is is operational. Remember, the time to go operational is probably the same time to develop the alternate fuels the administration is pushing.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.