ExxonMobil warns carbon emissions will rise by 25% in 20 years


2011-01-19 John Vidal, The Guardian Co. UK
Rise predicted in annual ExxonMobil energy outlook effectively dismisses hopes that runaway climate change can be prevented

ExxonMobil says 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. Photograph: Joe Klamar/AFP/Getty Images

ExxonMobil says 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. Photograph: Joe Klamar/AFP/Getty Images

ExxonMobil, the world’s largest oil company, expects global carbon emissions to rise by nearly 25% in the next 20 years, in effect dismissing hopes that runaway climate change can be arrested and massive loss of life prevented.

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.

Beyond 2030, it says, any progress on cuts will require “more aggressive gains in energy efficiency as well as the use of less carbon-intensive fuels. New technologies will by then be essential.”.

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