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Reishus Consulting, LLC
The New York Attorney General has been investigating Exxon Mobil for failing to disclose to its investors the risk that climate change may have on the value of the company’s assets, including its extensive oil reserves, which some claim must remain in the ground if necessary future reductions in carbon emissions are to be achieved. As the controversy around Exxon Mobil’s carbon-related financial reporting continues, other entities are moving forward to address so-called climate change or “carbon asset” risk. In fact, the institutional investment fund CalPERS now requires that companies it chooses to invest in have at least one member… [more]View Discussion
Fuel Freedom Foundation
The recent projections for future energy consumption from Exxon Mobil’s report, “Outlook for Energy,” and the EIA’s “Annual Energy Outlook, 2013” essentially said the same thing concerning the potential for natural gas and its derivative methanol: Natural gas use now is only about 1 percent of the total fuel used in vehicles, and by 2040, it will only rise to 4 percent. This increase will take place in the trucking sector and liquefied natural gas (LNG). Owners of automobiles will not rush to natural gas, because of a lack of pumping stations and the low density of natural gas. Adam… [more]View Discussion