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Exxon accussed of downplaying carbon bubble risks

2014-09-12 01:05:00| Climate Ark Climate Change & Global Warming Newsfeed

BusinessGreen: Oil major ExxonMobil is underestimating the risks it faces from efforts to decarbonise the energy sector over the coming years, and could end up going the same way as photography company Kodak if it fails to adapt to the fast-changing nature of the energy market. That is the finding of a new report from the Carbon Tracker Initiative, which also warned that Exxon's share price has fallen in recent years thanks to investments in expensive, low return projects such as tar sand development. Earlier...

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