Exxon CEO Says Europe Should See Climate Benefits of Shale Gas
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Exxon Mobil Corp. CEO Rex Tillerson said Europe should see the “tremendous environmental benefits” of producing natural gas from shale, pointing to the U.S. output boom as a model for cutting greenhouse-gas emissions.
“Natural gas and shale have been instrumental in reducing CO2 emissions to levels not seen since the 1990s” in the U.S., the chairman and chief executive officer of the Irving, Texas-based company said at the World Gas Conference in Paris Tuesday. “U.S. gas production has soared and emissions have declined” as the fuel replaces coal facilities that emit more greenhouse gases.