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Exxon's climate risk assessment prompts more questions than it answers

Exxon reckons oil demand would drop by 20 per cent by 2040 under a two degrees scenario - but thinks its reserves won't be affected

Madeleine Cuff
06 February 2018

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The oil giant believes climate change poses 'little risk' to its reserves, but should investors take its conclusions at face value?

If investors in ExxonMobil are concerned about the impact of climate change on the oil giant's business, they've no need to be. That's the over-riding conclusion from Exxon's first report looking at...