I’m a Wall Street risk manager. As an employee, a partner and, for four years, the risk manager at Goldman Sachs, I served many chairmen, including Bob Rubin, Hank Paulson and Lloyd Blankfein, who leads the firm today. Every one of them has always understood that managing risk is vital to the firm’s financial success and always a priority.
Exxon Mobil Corp. commands attention and gets it.
So energy and climate experts naturally took notice last week when CEO Darren Woods said charging a fee on greenhouse gases across the United States is a good idea.
"A uniform price of carbon applied consistently across the economy is a sensible approach to emissions reduction," Woods said in a statement (Climatewire, Feb. 24).
The baking of planet Earth is proceeding without interruption. Last year was the hottest year on record, according to NASA and the National Oceanic and Atmospheric Administration — edging out 2015, which had taken the crown from 2014. Of the world's 17 warmest documented years, 16 have come in this century.