BHP, Exxon Mobil Say Get Smart On Fossil Fuel Use

By Agence France-Presse Resources giants BHP Billiton Ltd. and Exxon Mobil Corp. on Sept. 7 said clean, green energy sources would remain relatively insignificant for at least 20 years, so the world needs to work on using fossil fuels more efficiently. In separate submissions to the 19th World Energy Congress in Sydney, Australia, the companies said fossil fuels would continue to provide the vast bulk of the world's energy needs in coming decades. BHP Billiton CEO Chip Goodyear said world demand for energy was set to increase by about 50% by 2025 as developing nations such as India and China undergo rapid industrialization. "All sources of energy will be in greater demand, and primary fossil fuels will meet the major share of incremental energy demand for at least the next two decades," Goodyear said. "Forecasts suggest that fossil fuels will still be 87% of primary energy in 2025, much the same as the 86% share today." Exxon Mobil Science Strategy Manager Brian Flannery said new technology, not emissions abatement goals such as those contained in the Kyoto Protocol, held the key to managing global climate change from greenhouse gases. He said renewable energy sources such as solar and wind power were not growing fast enough and, even with the most optimistic outlook, were expected to contribute just 1% of global energy supplies by 2020. "Addressing climate change requires balancing long-term uncertain risks against society's essential and growing demand for energy," he said. Copyright Agence France-Presse, 2004

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