Burning Up the World: ExxonMobil
Luke Mitchell, 8 November 2012
Forecasters in ExxonMobil’s strategic planning department predicted in 2005 that the only thing that would prevent growing demand for oil (and, not incidentally, growing profits for ExxonMobil) would be an unprecedented global carbon tax, and for that to happen, in Steve Coll’s summary of their findings, ‘the world’s governments would have to reach a unified conclusion that climate change presented an emergency on the scale of the Second World War – a threat so profound and disruptive as to require massive national investments and taxes designed to change the global energy mix.’ The forecasters assumed this would not happen.