ExxonMobil’s Outlook Is Not A Forecast - It’s Actually The Company’s Fantasy

LIMA 9 December 2014: Today ExxonMobil released its Outlook for Energy, which it has published annually since 2005. It predicts that oil and gas use will expand throughout the period to 2040, and oil will remain the world’s largest fuel source.

In the past, most international climate summits haven’t given oil companies very much to fear. But with COP20 in full swing in Lima they may be getting more nervous, with proposals on the table to phase out fossil fuel emissions by 2050.