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Mon Mar 31, 2014, 08:10 PM

Exxon: Highly unlikely world limits fossil fuels

NEW YORK (AP) On the same day the world's climate scientists issued their latest report on climate change and the risks it poses to society, the nation's biggest oil and gas company said the world's climate policies are "highly unlikely" to stop it from selling fossil fuels far into the future.

Exxon Mobil issued a report Monday on the risks that climate change polices could pose to the value of its assets and future profitability, by coincidence on the same day as the latest report by the Intergovernmental Panel on Climate Change, a Nobel Prize-winning United Nations group assembled to assess the science and risks of climate change.

Both Exxon and its critics used IPCC research to bolster their cases.

Exxon's report was in response to the contentions of some shareholders and environmental activists that the assets underpinning the value of Exxon and other fossil fuel companies will be worth less as society restricts consumption of fossil fuels to fight climate change.



Sounds like a challenge to me. Need to prove them wrong.

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Reply Exxon: Highly unlikely world limits fossil fuels (Original post)
n2doc Mar 2014 OP
Warren DeMontague Mar 2014 #1
GreenPartyVoter Mar 2014 #2

Response to n2doc (Original post)

Mon Mar 31, 2014, 08:17 PM

1. Crack addicts and Crack Dealers agree, Crack aint goin' anywhere!

It'd be sort of funny if they were put out of business by cheap reliable fusion power, though. Heh.

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Response to Warren DeMontague (Reply #1)

Mon Mar 31, 2014, 09:47 PM

2. Or by running out of their own product.

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