Despite the carbon-cutting push, oil and gas will continue to be a critical part of the world’s energy mix for decades to come, according to an ExxonMobil report, which warns that significant investments are needed to offset declining rates of production or people will live shorter, less fulfilling lives.
“Access to affordable and reliable energy is at the core of every key measure of human development and quality of life,” researchers wrote in the latest edition of the ExxonMobil Global Outlook report, which examines economic development and energy demand and supply over the next 30 or so years.
