Exxon Mobil and Chevron are spending tens of billions of dollars buying oil and gas assets, betting that the International Energy Agency’s predictions of declining oil demand are wrong.
The prediction, which has stirred controversy among oil producers, is a sign of a sweeping transformation in the global energy landscape.
Despite the rapid growth of electric vehicles and solar power, other efforts to tackle warming are lagging, according to the International Energy Agency.
Despite the rapid growth of electric vehicles and solar power, other efforts to tackle warming are lagging, according to the International Energy Agency.