Exxon: Highly unlikely world limits fossil fuels - Yahoo Finance
My personal take: I don't think Exxon is wrong at all. I am pessimistic that the world will make any real limits on carbon pollution anytime soon.
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.
"We know enough based on the research and science that the risk (of climate change) is real and appropriate steps should be taken to address that risk," Ken Cohen, Exxon's government affairs chief, said in an interview Monday. "But given the essential role that energy plays in everyone's lives, those steps need to be taken in context with other realities we face, including lifting much of the world's population out of poverty."
My personal take: I don't think Exxon is wrong at all. I am pessimistic that the world will make any real limits on carbon pollution anytime soon.