fbpx
  • About us
  • Advertise
  • Contact
  • Nominate
  • Client’s Voice
  • Login
  • Register
📖 Magazine
The Global Economics
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
  • Home
  • Banking
  • Non Banking
  • Markets
  • Infrastructure
  • Lifestyle
  • FeatureNew
  • Awards
No Result
View All Result
The Global Economics
No Result
View All Result
Home The Global Economics

Oil Giant Exxon Had Accurately Forecast Man-Made Global Warming, But Kept Lobbying Against Climate Action

Marifur Rahman by Marifur Rahman
January 13, 2023
in The Global Economics
Reading Time: 2 mins read
0
Exxon knew about climate change
28
SHARES
153
VIEWS
FacebookTwitterRedditWhatsAppLinkedInShare Link

Exxon Knew All About The Environmental Cost of Fossil Fuel Burning

The fact that researchers at Exxon knew about the ill effects of fossil fuel burning and the consequent rise in global temperature is not the latest news. However, new research, now, throws light on the accuracy of the global warming prediction made by Exxon. Exxon had quantitative knowledge about the rate of global warming due to the burning of fossil fuel.

Authors G.Supran, S.Rahmstorf, and N.Oreskes did a thorough analysis of what the oil company knew and compared it with the data available during the same period. The authors reveal that researchers at Exxon came up with their models of the rise in global warming, and the forecast presented by those models was in line with the data published by independent researchers and government agencies.

Earlier Reports

The report published in the Science Journal is the latest in a series of reports that hint at the fact that Exxon scientists kept on warming the company about the effects of fossil fuel on the atmosphere and its role in increasing global warming.

A report published on Skeptical Science revealed that Exxon researchers predicted that by 2019 CO2 level would rise to 418 ppm. The forecast was eerily accurate. The actual level in 2019 was around 410 to 415 ppm. The same report reveals how Exxon funded the Cato Institute which tried to discredit NASA scientist James Hansen’s famous testimony about 1988 being the warmest year in recorded history and how the greenhouse effect could trigger a climate disaster.

What The Latest Report Says

In essence, the researchers went on to analyse 100 reports prepared by Exxon scientists during the 1970s and 1980s. From these reports, they selected 12 reports containing predictions on the increase of CO2 and global temperature. The predictions were made in the form of statistical models. The researchers compared these statistical models with related models of other independent and government entities and correlated the prediction with the actual current state of the climate.

The researchers have found that 63% to 83% of climate projection reports made by Exxon scientists were statistically consistent with similar reports published by other, more trustworthy agencies. The researchers specifically mention that the reports presented by Exxon scientists were in line with the projections made by government and scientific organisations.

The researchers for the time quantified what Exxon knew about the effects of burning fossil fuel. The latest research reveals that the oil and gas giant was aware of the fact that the growth of fossil fuel usage would heat the planet by 0.2 degrees Celsius per decade.

The Entirely Opposite PR Campaigns By Exxon

The second part of this new report explains how Exxon / Exxon Mobil went against their scientists and over-inflated the uncertainty among climate scientists. Way back in 2000, Lee Raymond, the then CEO of Exxon Mobil claimed that “we” did not have enough knowledge about climate change and natural phenomena like a volcanic eruptions, solar activity or El Nino acted as noise thereby limiting the researchers from accurately ascertaining whether fossil fuel consumption would lead to climate change.

Such misleading PR campaigns continued until as late as 2010. The latest research, therefore, accurately reveals that what Exxon knew and what Exxon said had no consistency between them.

Marifur Rahman

Marifur Rahman

Marifur Rahaman is a news analyst who loves to use data analytics to explain political and business news and present insights hidden behind the mountain of information and noise. A student of English literature, Rahaman explores the human angle associated with every news.

Related Posts

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit
Ultility

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

by Riya Thomas
February 1, 2023
investment
The Global Economics

Adani Enterprises To Get $400 mn From Abu Dhabi’s IHC

by Marifur Rahman
January 31, 2023
Oil storage tank
Islamic

Saudi Arabia Lowers Crude Prices For Asia, Not For the US

by Anuj Singh
January 31, 2023
Adani Group shares plunged, resulting in the erasure of $72 billion after three-day selloffs
Funds

72 Billion Wiped Out: Adani Group Shares Plunge After Three-Day Selloffs

by Riya Thomas
January 30, 2023
A girl using a smartphone
Digital

China’s 2022 Smartphone Sales Plunge to the Lowest Level in a Decade

by Khushboo Pandey
January 30, 2023
Facebook Twitter Instagram Youtube LinkedIn Soundcloud
The Global Economics

The Global Economics Limited is a UK based financial publication and a quarterly business magazine giving thoughtful insights into the financial sectors on various industries across the world. Our highlight is the prestigious country specific Annual Global Economics awards program where the best performers in various financial sectors are identified worldwide and honoured.

DMCA.com Protection Status

  • Privacy
  • Legal
  • Terms of Use
  • Client’s Voice
  • Server Status

norton verified - the global economics

Latest Posts

Lebanon currency devaluation

Lebanon to Devalue Its Currency By 90%

February 1, 2023
A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

A Western Oil Milestone: Exxon Sets Historic High with Record $56 Billion Profit

February 1, 2023
China To Boost Oil Demand By Up To 500,000 BPD PC: Reuters

Oil Cools Off on a Weak Dollar

February 1, 2023
Download The Global Economics PWA to your mobile or Desktop
PWA App Download
Download The Global Economics Android App to your mobile or Desktop
Android App
Download The Global Economics IOS App to your mobile or Desktop
IOS App

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

No Result
View All Result
  • About us
  • Awards
  • Magazine
  • Client’s Voice
  • Exclusive Coverage
  • Nominate
  • Login
  • Sign Up

All Rights Reserved © 2020 | 🇬🇧 The Global Economics, Business Finance Publication - www.theglobaleconomics.uk 🌏

Welcome Back!

Sign In with Facebook
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Linked In
OR

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Receive the latest news

Subscribe To Our Weekly Newsletter

Get notified about new articles, delivered right into your email inbox.

-
00:00
00:00

Queue

Update Required Flash plugin
-
00:00
00:00
Go to mobile version