Exxon Crushes Progressive Dreams That “Net Zero” Has Any Chance By 2050: It Would Mean Collapse In “Global Standard Of Living”, by Tyler Durden

Now what would an oil company know about feasible energy solutions? From Tyler Durden at zerohedge.com:

In a world of suffocating snowflakery, ESG hypocrisy and, well… Tranheuser Busch, a corporation telling the truth without fear of reprisals from the Open Society-funded virtue signaling cabal is rarer than an mRNA-injected, genetically engineered hen’s teeth. And yet that’s what the company hated by every progressive, Exxon Mobil, did this week when it became the first corporation to denounce the insidious and laughable claims that “net zero” is even a remote possibility by 2050.

The US supermajor pushed back against investors pressing the company to report on the risks to its business from restrictions on greenhouse gas emissions and potential environmental disasters when in a reply to proxy advisor Glass Lewis, Exxon said the prospect of the world achieving net-zero carbon dioxide emissions by 2050 is remote and should not be further evaluated in its financial statements.

A shareholder proposal seeking a report on the cost of having to abandon projects faces a shareholder vote on May 31. Glass Lewis backed the initiative, concluding Exxon could face material financial risks from the net-zero scenario.

Exxon disagreed, and said the world is not on a path to achieve net-zero emissions in 2050 as limiting energy production to levels below consumption demand would lead to a spike in energy prices, as observed in Europe following oil sanctions against Russia over Ukraine.

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One response to “Exxon Crushes Progressive Dreams That “Net Zero” Has Any Chance By 2050: It Would Mean Collapse In “Global Standard Of Living”, by Tyler Durden

  1. Enough already with the climate hoax!.

    Like

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