To curve the global warming, U.S government order to limit the carbon emissions to possible limit, as it has became a threat to the world. While addressing the congress, President Bush emphases on the new policy, which would be suggests all measures. But the oil giant Exxon Mobil’s chief executive, Rex W. Tillerson, warns governments to look into the coming consequences of new policies that could damage the global economy.
Mr. Rex W. Tillerson tries to grabs the attention on the necessity of oil as it is an indispensable source of energy without significant alternative. He acknowledged that the planet was warming while carbon dioxide levels were increasing, but predicted that hydrocarbons would dominate the world’s transportation as energy demand grows by an expected 40 percent by 2030.
During the speech President Bush has called for increasing development and use of biofuels as an alternative energy which could lesson the use of oil but Mr. Tillerson think that it will be limited to a small section.
Analyst for Energy Intelligence Group confused between that, is it Exxon-speak? Or it’s their own dialect. Taken together, his statements suggested that Exxon was navigating between positions defending oil as an energy source and its core business, and showing sensitivity to growing public concerns about a warming climate.
The Intergovernmental Panel on Climate Change accuses human activity to increases 90 percent of global warming. The report widely considered the most authoritative study on the subject. As any official report first time blame the human activity to harm and responsible for the most of the rise in temperatures since 1950 and also suggests that prompt action could blunt the global warming threat.
via: nytimes
