Exxon Emission Projections: Up, Up and Away

Sat, 2011-01-22 10:41Richard Littlemore
Richard Littlemore's picture

Exxon Emission Projections: Up, Up and Away

In a report that is bullish for the oil industry and horrifying for the people of the planet, the Guardian reports that  Exxon predicts carbon dioxide emissions to rise by 25 per cent over the next 20 years.

“According to the company’s annual Outlook for Energy report – due to be published in the next few weeks – demand for power will increase by nearly 40% in the next 20 years, lifting emissions by around 0.9% a year at least until 2030.”

Which is to say that all the optimistic (!?) international predictions of anthropogenic CO2 emissions levelling off anytime soon are a fiction. Exxon, apparently, is paying attention to the pathetic efforts that world governments are making to rein in increases (and paying a fortune to ensure that platitudes outpace policy for as long as possible).

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Chevron made waves in the business world when it announced its October 6 sale of 30-percent of its holdings in the Alberta-based Duvernay Shale basin to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for $1.5 billion.

It marked the first North American purchase for the Kuwaiti state-owned oil...

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