ExxonMobil’s internal climate science research, which began as soon as the 1970s, accurately and regularly predicted the pace and severity of global warming, even as executives publicly said the data wasn’t accurate or relevant enough to change the course of further oil and gas development, a new study finds.
The new research, dismissed in part by the oil concern’s representatives as fueling the #ExxonKnew claims, may play a role in legal action against the company for allegedly misleading investors and the public about the dangers of global warming. Global warming projections “are based on completely unproven climate models, or, more often, on sheer speculation,” Lee Raymond, chief executive of the newly-merged ExxonMobil Corp, said at a company annual meeting in 1999.
The United Nations, calling out rich nations and the private sector, has been critical of the slow early movement toward halving global emissions by 2030 and flipping to net-zero emissions by 2050. The U.N. and others have said it will take a broad effort to slow global warming to no more than 1.5 degrees Celsius and thwart the worst of deadly and expensive climate disasters.
For the most part, the companies have been transparent in detailing production plans, which can take years to finance and permit.
Sea level rise is a proxy for global warming. There is insignificant acceleration. None of the runaway rise is happening. Warming is from coming out of the Little Ice Age and we are in warm phase of the AMO. 150 years of nothing burger