Exxon, oil rivals shield their carbon forecasts from investors

BLOOMBERG GEEN | A giant oil company like Exxon Mobil Corp. will publicly disclose forward-looking numbers on production forecasts, earnings potential and capital expenditures. But the biggest fossil-fuel producers don’t provide short-term guidance to investors on the metric that’s become existentially important: carbon-dioxide emissions.

There’s evidence oil majors do assess the climate consequences of their future plans. Exxon had internal projections, never made public, that showed a 17% rise in carbon-dioxide emissions over the next five years, according to company documents reviewed by Bloomberg. In a statement, Exxon said those projections were “a preliminary, internal assessment of estimated cumulative emission growth through 2025” and that its projections had since changed.

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