Exxon Mobil Corp. forecasts global oil demand in 2050 will be the same — or even slightly higher — than current levels, putting efforts to reach net zero carbon emissions by mid-century well out of reach.
  • JohnDClay@sh.itjust.worksEnglish
    9·
    2 months ago

    So they just lied about net zero? There is absolutely no way you could carbon capture that much emissions.

    • VirtualOdour@sh.itjust.worksEnglish
      2·
      2 months ago

      Without new investment, Exxon sees oil supply falling 70% to 30 million barrels a day by 2030, sending crude prices soaring and decimating the global economy.

      They just want money, they want the government to invest in them instead of alternatives because if we invest in alternatives they lose money.

      Of course they don’t think the alternatives can compete, largely because their projections are based on them not being funded because we continue to fund oil with heavily subsidies instead.