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Such stress testing differs from alternative scenario planning, such as alternate Outlooks,<br />

which we do not develop, but stress testing provides us an opportunity to fully consider<br />

different economic scenarios in our planning and investment process. The Outlook is<br />

reviewed at least annually, and updated as needed to reflect changes in views and<br />

circumstances, including advances in technology.<br />

CO2 Policies<br />

CO2 "proxy" cost<br />

Assumed cost ol CO? emissions ossoculed<br />

with pubic pcrioes in 2W0 in 201? don.v*<br />

• Loss than $20 per ton<br />

• S2O-10 per ton<br />

More than $40 per ton<br />

> w hi<br />

A<br />

K- r<br />

ExxonMobil 2014 Outlook for Energy<br />

E^onMobil<br />

We also address the potential for future climate-related controls, including the potential<br />

for restriction on emissions, through the use of a proxy cost of carbon. This proxy cost of<br />

carbon is embedded in our current Outlook for Energy, and has been a feature of the<br />

report for several years. The proxy cost seeks to reflect all types of actions and policies<br />

that governments may take over the Outlook period relating to the exploration,<br />

development, production, transportation or use of carbon-based fuels. Our proxy cost.<br />

17<br />

App. 368

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