Advertisement
Australia markets closed
  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     
  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     
  • AUD/USD

    0.6495
    -0.0005 (-0.08%)
     
  • OIL

    82.97
    +0.16 (+0.19%)
     
  • GOLD

    2,340.80
    +2.40 (+0.10%)
     
  • Bitcoin AUD

    97,562.96
    -4,735.41 (-4.63%)
     
  • CMC Crypto 200

    1,359.84
    -22.73 (-1.64%)
     
  • AUD/EUR

    0.6075
    +0.0005 (+0.08%)
     
  • AUD/NZD

    1.0952
    +0.0011 (+0.10%)
     
  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     
  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     
  • FTSE

    8,081.65
    +41.27 (+0.51%)
     
  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     
  • DAX

    17,941.73
    -146.97 (-0.81%)
     
  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     
  • NIKKEI 225

    37,628.48
    -831.60 (-2.16%)
     

ExxonMobil Doesn't Believe the World's Quest for Net Zero Emissions by 2050 Is Achievable

ExxonMobil Doesn't Believe the World's Quest for Net Zero Emissions by 2050 Is Achievable

ExxonMobil (NYSE: XOM) firmly believes the world will need its oil for a long time. The company doesn't think the global economy will reach its target of achieving net-zero emissions by 2050 by pivoting to lower-carbon sources like renewable energy. It's taking a balanced approach to continue supplying the world with low-cost fossil fuels while investing in producing the lower-carbon fuels of the future.