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Unleashing Innovation To Meet our Energy and Environmental Needs | ExxonMobil Page 5 of 12
For those companies that do find increased efficiencies through better
project management, advanced technologies, and path-breaking
innovations, there will be tremendous business opportunities ahead.
We know this because the need for energy is universal. In the decades
ahead, the world will need us to develop new technologies and new
supplies of energy because the global demand for energy is on a
trajectory to grow - and grow significantly.
At ExxonMobil, we foresee future energy demand being shaped by three
major forces: population growth, trade and economic development, and
energy efficiency.
Taken together, we project global economic output will more than
double by the year 2040.
In addition, the world's population will grow, adding about 2 billion new
consumers of energy and 3 billion people will join the ranks of the middle
class. Even after factoring in continuing increases in energy efficiency, we
expect global energy demand will still grow by about 30 percent by 2040.
This fundamental fact, that energy demand and economic growth are
inextricably related, guides our view about the importance of our industry
meeting its responsibilities.
There is also a humanitarian dimension and a moral imperative to what
we do. Expanding energy supplies safely and responsibly will be critical to
securing the future for billions of people.
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