Advertisement
Singapore markets closed
  • Straits Times Index

    3,287.75
    -5.38 (-0.16%)
     
  • S&P 500

    5,071.63
    +1.08 (+0.02%)
     
  • Dow

    38,460.92
    -42.77 (-0.11%)
     
  • Nasdaq

    15,712.75
    +16.11 (+0.10%)
     
  • Bitcoin USD

    64,042.04
    -2,574.62 (-3.86%)
     
  • CMC Crypto 200

    1,358.09
    -24.48 (-1.77%)
     
  • FTSE 100

    8,097.47
    +57.09 (+0.71%)
     
  • Gold

    2,341.50
    +3.10 (+0.13%)
     
  • Crude Oil

    83.08
    +0.27 (+0.33%)
     
  • 10-Yr Bond

    4.6520
    +0.0540 (+1.17%)
     
  • Nikkei

    37,628.48
    -831.60 (-2.16%)
     
  • Hang Seng

    17,284.54
    +83.27 (+0.48%)
     
  • FTSE Bursa Malaysia

    1,569.25
    -2.23 (-0.14%)
     
  • Jakarta Composite Index

    7,155.29
    -19.24 (-0.27%)
     
  • PSE Index

    6,574.88
    +2.13 (+0.03%)
     

ExxonMobil Doesn't Believe the World's Quest for Net Zero Emissions by 2050 Is Achievable

ExxonMobil Doesn't Believe the World's Quest for Net Zero Emissions by 2050 Is Achievable

ExxonMobil (NYSE: XOM) firmly believes the world will need its oil for a long time. The company doesn't think the global economy will reach its target of achieving net-zero emissions by 2050 by pivoting to lower-carbon sources like renewable energy. It's taking a balanced approach to continue supplying the world with low-cost fossil fuels while investing in producing the lower-carbon fuels of the future.