ExxonMobil engages with U.S. lawmakers to support responsible economic, energy and environmental policies. Around the world, we engaged on several issues in 2019 to support responsible economic, energy and environmental policies, including: • Free-market policies: A level playing field within our energy markets is vital if consumers and families are to continue to have access to affordable, reliable and safe energy for homes and businesses. Preferential treatment for certain energy sources undermines the market and raises costs for consumers, families and businesses. • Energy infrastructure: In the United States alone, private investments in oil and natural gas infrastructure could exceed $1.3 trillion by 2035, adding 1 million U.S. jobs and increasing gross domestic product by almost $2 trillion, according to a study conducted by global consulting firm IFC, commissioned by the American Petroleum Institute. These infrastructure projects create jobs and deliver energy to market, safely and efficiently. • Regulatory reform: We support efforts to enhance transparency in our regulatory process, minimizing cost and maximizing efficiency. • Trade: ExxonMobil relies on free and fair trade agreements and policies, including, for example, strong investment protection provisions in the U.S.-Mexico-Canada Trade Agreement (USMCA). Providing a level playing field to import and export goods and services ultimately gives consumers greater choice. • Climate: ExxonMobil believes sound policy should address the dual challenge of reducing the risks of climate change at the lowest societal cost, while balancing increased demand for affordable energy and the need to address poverty, education, health and energy security. We work to encourage collaboration across governments, private companies, consumers and other stakeholders to create meaningful solutions to address climate change. For example, we engaged with the EU Commission, both directly and through trade associations, on the development and adoption of the EU methane strategy. U.S. lobbying expenses In 2019, ExxonMobil’s U.S. federal lobbying expenses totaled $9.75 million, as publicly reported in our filings under the Lobbying Disclosure Act. Further information on the federal issues ExxonMobil lobbied in the United States in 2019 is available on our website . We also recently disclosed on our website a list of trade associations to which we paid $100,000 or more and for which a portion of our payment was reported to be used for lobbying. Political contributions The board of directors has authorized ExxonMobil to make political contributions to candidate committees and other political organizations, as permitted by applicable laws in the United States and Canada. The board annually reviews ExxonMobil’s political contributions, as well as contributions from the company-sponsored Political Action Committee (PAC). Internal audits of the corporation’s public and government affairs activities routinely verify contribution amounts. Eligible employees and shareholders may participate in the U.S. political process by contributing to a voluntary, company sponsored, federal PAC. ExxonMobil reports PAC contributions to the U.S. Federal Election Commission every month. In 2019, we contributed more than $253,000 to state candidates and caucuses in eight U.S. states. During 2019, ExxonMobil’s PAC disbursed more than $719,000 to federal and state candidates and committees. 1 Corporate political contributions are subject to an internal review process that requires approval from the chairman. 33 | Sustainability Report Highlights
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