ExxonMobil Flags Coal Comeback as Threat to Net-Zero Goals

Key Takeaways ExxonMobil projects emissions to drop only 25% by 2050, far short of IPCC guidance.Coal demand is rising amid high costs, slower renewables and weaker EV sales.Oil use is seen steady above 100M barrels/day, with natural gas up 20% by 2050.Exxon Mobil Corporation (XOM) has issued an update on the future of global emissions, warning that the world’s net-zero targets are increasingly slipping beyond the 2050 horizon, per a Bloomberg report. In its recently published Global Energy Outlook, ExxonMo ...