ExxonMobil: Affordable Energy, Less Impact on Environment Needed

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ExxonMobil: Affordable Energy, Less Impact on Environment Needed

NEW YORK -- ExxonMobil forecasted affordable energy and manageable greenhouse gas emissions for the next 20 years in its report "Outlook for Energy: A View to 2030," which analyzed data from nearly 100 countries and several sectors and resource types, and found there was a need to develop a cohesive strategy to match demand with environmental concerns, according to a UPI report.

"The world needs to meet the ever-growing need for reliable and affordable energy while minimizing the effects on the environment," said ExxonMobil Chairman and Chief Executive Officer Rex W. Tillerson. "We must invest in the production of existing fuel sources, develop new sources of energy and create new technologies that will reduce the environmental footprint of energy production and use."

Global energy demand should rise by an average of 1.2 percent per year, down slightly from the 2007 forecast of 1.3 percent, the report said.

The demand for energy in China should more than double by 2030, besting demand in the United States by more than 30 percent, UPI reported.