ExxonMobil: Global emissions reduction effort not on track


ExxonMobil says the global effort to curtail greenhouse gas emissions isn’t on track to keep the planet’s temperature from rising beyond an increase of 2 degrees Celsius by 2050.

Carbon-dioxide emissions stemming from the world’s burning of fossil fuels and energy consumption will shrink to 25 billion metric tons in 2050, down 26% from a peak of 34 billion in the current decade, the oil giant said in an annual outlook on Monday. Read the full story from The Wall Street Journal.