ExxonMobil's Transition Is Grounded In Facts About The New Energy Mix [Forbes]
Exxon Mobil Corporation (XOM)
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Source: Forbes
Speaking at an executive event at the in Sevilla, Spain, Aerts delivered an in-depth analysis of why oil and natural gas remain critical sources for energy and require sustained investments to help meet the energy needs of the future. Unsurprisingly, it begins with demographics. “More than three billion people still live below modern standards for life expectancy, education, and income,” Aerts explained. “The economy and population are the demand drivers for energy, and lack of energy has long been associated with poverty.” All energy types needed Along with a number of other experts, ExxonMobil believes the world will see a 25% decline in emissions by 2050, but much more is needed to keep warming under 2°C. Aerts listed the key takeaways related to ExxonMobil's outlook for 2050, based on the premise that more people gaining more prosperity will need more energy with less emissions: Two billion more people will populate the planet. 15% more energy is needed to support the n
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