In Signing Climate Statement, Shell Charts Different Course on Global Warming

Faced with ominous scientific warnings on global warming caused by the burning of fossil fuels like coal, oil and natural gas, two energy giants — Exxon Mobil Corp. and Royal Dutch Shell — have sent diametrically opposing signals in recent weeks

Exxon, for its part, told its shareholders on March 30 that the company does not think that policies to address manmade global warming constitute a risk to the company’s profitability, because global policy makers are not going to enact strict emissions limits before 2040

Instead, the company plans to exploit all of its remaining oil and gas reserves, as well as new discoveries, through 2040 Read more...