It's "highly unlikely" this report will pass the laugh test.
On Mon, Mar 31, 2014 at 1:41 PM, Eugene Coyle <[email protected]> wrote: > > > > AP story 3/31/14 > > Exxon: Highly Unlikely World Limits Fossil Fuels > > NEW YORK -- Exxon Mobil says that global policies to combat climate change > won't be strict enough to stop the company from selling all of the oiland > gas it has found -- and all that it will find in the foreseeable future, It > says the fuels are too important for global economic development. > > 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. > > Exxon's report, the first detailed response to these concerns by a major > oil company, says governments are "highly unlikely" to adopt policies that > sharply cut emissions because they would choke economic growth. > > > Time to focus on reducing -- with economic justice -- consumption. To me > that means, and can only mean, a sharp cut in the work week with no cut in > pay. > > Gene > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l > -- Cheers, Tom Walker (Sandwichman)
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