Exxon Sees 'Great Promise' in Renewables, but the Reign Continues for Fossil Fuels

September 1, 2023--Written by Daniel Graeber for Industrial Info Resources (Sugar Land, Texas)--Renewable energy resources hold "great promise," Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) said, but climate goals may be out of reach as oil and natural gas continue to dominate the global energy sector. "Between now and 2050, developing countries will see GDP per capita more than double, driving higher demand for energy," Exxon said in a report highlighting its long-term view on the sector. "Meeting that demand with lower-emission energy options is vital to making progress toward society's environmental goals."