14 Mar '17, 12am

JUST RELEASED: Oil companies’ flawed energy forecasts risk billions in investor capital https://t.co/nYEY95W7ZZ

CONTACT: Oil Change International: Greg Muttitt, greg [at] priceofoil [dot] org Oil Change International: David Turnbull, david [at] priceofoil [dot] org Greenpeace UK: Charlie Kronick, charlie.kronick [at] greenpeace [dot] org Oil companies’ flawed energy forecasts risk billions in investor capital New York, NY. – Oil companies including ExxonMobil, BP and Shell are risking billions of dollars of investor capital, by basing decisions on distorted claims about the future of energy, according to a new report. A review of energy forecasts by international oil companies shows that the forecasts are systematically skewed and rest on extreme assumptions about energy trends, reflecting what oil companies want decision makers to believe will occur, rather than a realistic potential future. The oil company forecasts assume a global failure to cut greenhouse gas emissions at intern...

Full article: http://priceofoil.org/2017/03/13/release-oil-companies-fl...

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