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I note that the oil, gas, coal and electrical utilities have collectively spent over $3.5 billion on lobbying over the past 16 years with results (as reflected in the public statements of many US politicians) that are remarkably at odds with the public statements of these companies. See: https://www.opensecrets.org/lobby/top.php?indexType=i
These "investments" in lobbying give greater credence to Exxon's statements to the effect that:
See: http://www.ft.com/cms/s/0/67f73d56-b...#axzz3HPuSN8HEThe scenario where governments restrict hydrocarbon production in a way to reduce GHG [greenhouse gas] emissions 80 per cent during the outlook period [to 2040] is highly unlikely .. Based on this analysis, we are confident that none of our hydrocarbon reserves are now or will become ‘stranded’.
Last edited by RichardC; 2014-10-27 at 11:24 PM.
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