Exxon Mobil Actually Put A Local weather Scientist On Its Board Of Directors

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The oil and gas enterprise is built on bets that might take many years to yield profit. Oil firms deduct the current price of digging a effectively from their tax bills, then speculate on how a lot they can promote the extracted crude for in the years to come. Those predictions fail to think about what could happen to oil costs if, say, main economies like the United States or China put a tax on carbon emissions or apply strict guidelines to the use of fossil fuels to combat climate change.