The likelihood of the world reaching net-zero carbon dioxide emissions by 2050 is remote, Exxon said in a U.S. Securities and Exchange Commission communication. The IEA's 2050 Net Zero Emissions does not "meet the level of likelihood required to be considered in our financial statements," Exxon said, adding that the world is not on its way toward achieving net zero by 2050.
Exxon also cautioned that cutting energy production to levels that fall below consumption would push energy prices higher, like in Europe. The IEA has said that all new oil…Chances Of World Reaching Net-Zero By 2050 Unlikely: Exxon
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