comm-appendix-support-cross

Meeting global needs - managing climate change business risks | ExxonMobil Page 2 of 6
economic output and roughly 2 billion additional consumers by 2040 will
mean that global energy demand will likely grow by about 25 percent
over 2014. To put this growth in perspective, this increase is equivalent to
the total energy used in North America and Latin America today.
Given the importance of energy, it is in the interest of every government
to increase access to reliable and affordable supplies for its citizens. That
is why consumers should be concerned with policies that could have an
adverse impact on energy production. Such restrictions could also impact
the rate of economic development and the ability of nations to develop.
Growing energy demand will require diverse investment
Technology is the key to expanding supplies of energy to meet global
needs.
Such innovation requires significant investments and sustained research
and development, the result of which will be affordable and abundant
energy production with reduced environmental impact.
It is also important to recognize that energy is a long-term, capitalintensive
sector of the economy.
As a major participant in the global energy industry, ExxonMobil must
anticipate and adapt to trends and changes in our industry so that we can
make sound business decisions and invest our shareholders' money
wisely in projects that remain attractive in the long term.
App. 399
http://coi-porate.exxomnobil.com/en/current-issues/climate-policy/climate-perspectives/man.., 8/1/2016