ed groark presents state of the world 2014: governing for sustainability
TRANSCRIPT
State of the World2014:
Governing for Sustainability
Ed GroarkChairman
Worldwatch Institute
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Worldwide Upstream Oil & Gas Investment, 2000-2012
Source: IEA, World Energy Outlook 20127
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Worldwide Exploration & Development Spending
Source: “Unburnable Carbon 2013: Wasted Capital and Stranded Assets,” 2013 8
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”At the current rate of capital expenditure, the next decade will see over $6 trillion allocated to developing fossil fuels.
With a limited and declining carbon budget, much of this risks being wasted on unburnable assets.”
Source: “Unburnable Carbon 2013: Wasted Capital and Stranded Assets,” 2013
Stranded Assets
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“… we are confident that none of our hydrocarbon reserves are now or will become ‘stranded’.”
ExxonMobil believes that … the scenario where governments restrict hydrocarbon production in a way to reduce GHG emissions 80 % [by 2050] is highly unlikely.”
“We believe that … an artificial capping of carbon-based fuels to levels in the “low carbon scenario” is highly unlikely.”
Source: ExxonMobil, “Energy and Carbon -- Managing the Risks,” March 31, 2014
Exxon’s View
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Investor-State Dispute Settlement Claims, 1993-2012
Source: UNCTAD, “Investor-State Dispute Settlement Database,” 2013 12
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