Monday, 1 February 2016
PREDICTIONS FOR 2040 - OIL USE TO GROW BY 25% AND GAS BY 50%
This post gives the full picture as predicted by Exxon. They say that coal will slip by around 6%, but renewables will be producing only a tiny 4%. I particularly noted this piece, Rex Tillerson, CEO of Exxon, told his shareholders in May last year, that ‘his firm hadn’t invested in renewable energy because “We choose not to lose money on purpose.” So there we have it - follow the money.