ExxonMobil is Right, Net-Zero Efforts Will Cause a Lower Quality of Life
By Linnea Lueken -May 23, 20230
A recent Bloomberg article, titled “Exxon Says Reaching Net Zero Global Emissions by 2050 ‘Highly Unlikely’,” describes a regulatory filing Exxon Mobil Corporation made indicating that there would be significant risk associated with phasing out oil and gas production and use. Exxon and Glass Lewis, the advisor they referenced, are right. Getting rid of oil and gas in pursuit of Net-Zero emissions by 2050 would seriously impact the peoples’ standards of living globally.
According to Bloomberg, Exxon said “The International Energy Agency’s (IEA) Net Zero Emissions scenario, which models a phaseout of most fossil fuels by 2050, has little bearing in reality[.]”
They go on to say that it is “highly unlikely that society would accept the degradation in global standard of living required to permanently achieve a scenario like the IEA NZE.”
Exxon’s representatives are correct. Multiple polls have shown that although majorities claim to claim to support “climate action,” once they see the actual price tag, they are far less enthusiastic. For example, a United Nations poll conducted in 2016, had climate change concerns coming in dead last.
https://climaterealism.com/2023/05/exxonmobil-is-right-net-zero-efforts-will-cause-a-lower-quality-of-life/
