Exxon to Shareholders: Climate Change Won’t Stop Fossil Fuels
Posted at 6:46 a.m. on April 2, 2014
The Hill: Fossil fuels aren’t going anywhere, regardless of climate change, ExxonMobil said in a report to its shareholders.
AP: Exxon issued a report Monday on the risks that climate change policies could pose to the company’s assets and future profitability in response to shareholder concerns that the assets that underpin the company’s value will be worth less as society restricts consumption to fight climate change.
“Governments are ‘highly unlikely’ to adopt policies that sharply cut emissions because they would choke economic growth.”