Exxon Sees Oil Demand Down 20% in 2040; Or Maybe It'll Be Up
- One company study looks at possible result of warming curbs
- A second, the business report, sees a much different future
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If climate change curbs live up to their promise, oil demand may fall 20 percent by 2040, Exxon Mobil Corp. says in one forward-looking report. But a more likely scenario is it will grow by 20 percent, the company says in separate outlook.
The reports were both released Friday. Which one to believe?