Ed Groark, Chairman of the Worldwatch institute, presented the annual report State of the World, this year themed "Governing for sustainability" at a seminar hosted by Norden i Fokus and Global Utmaning on the 7th of May 2014.
9. www.worldwatch.org
”At the current rate of capital expenditure, the
next decade will see over $6 trillion allocated to
developing fossil fuels.
With a limited and declining carbon budget,
much of this risks being wasted on unburnable
assets.”
Source: “Unburnable Carbon 2013: Wasted Capital and Stranded
Assets,” 2013
Stranded Assets
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10. www.worldwatch.org
“… we are confident that none of our hydrocarbon
reserves are now or will become ‘stranded’.”
ExxonMobil believes that … the scenario where
governments restrict hydrocarbon production in a
way to reduce GHG emissions 80 % [by 2050] is
highly unlikely.”
“We believe that … an artificial capping of carbon-
based fuels to levels in the “low carbon scenario” is
highly unlikely.”
Source: ExxonMobil, “Energy and Carbon -- Managing the Risks,” March 31, 2014
Exxon’s View
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