Oil and natural gas are still projected to meet more than half of the world’s energy needs in 2050, or 54%, Exxon Mobil Corp said on Monday, with the world failing to keep global temperature increases below 2 degrees Celsius.
  • _NoName_@lemmy.mlEnglish
    4·
    1 year ago

    So is this some rich CEO boasting or is Exxon just trying to make people paralyzed from dread?

  • AutoTL;DR@lemmings.worldBEnglish
    3·
    1 year ago

    This is the best summary I could come up with:

    HOUSTON, Aug 28 (Reuters) - Oil and natural gas are still projected to meet more than half of the world’s energy needs in 2050, or 54%, Exxon Mobil Corp (XOM.N) said on Monday, with the world failing to keep global temperature increases below 2 degrees Celsius.

    That is more than twice of the 11 billion metric tons the United Nations Intergovernmental Panel on Climate Change (IPCC) say would be needed on average in its Lower 2°C scenarios.

    Exxon produces less than 3% of the world’s daily crude demand and in May its shareholders overwhelmingly rejected calls for stronger measures to mitigate climate change.

    The company says these two technologies, currently not commercial, are a significant promise for hard-to-decarbonize sectors in IPCC Lower 2°C scenarios.

    Unlike its European peers, Exxon has stayed away from consolidated renewable sources such as wind and solar power.

    It expects wind and solar to provide 11% of the world’s energy supply in 2050, five times today’s contribution.

    The original article contains 367 words, the summary contains 161 words. Saved 56%. I’m a bot and I’m open source!