ExxonMobil sees rise in renewables

12/1/2009 | Wall Street Journal, The

ExxonMobil expects that the wind, solar and biofuels sectors will grow faster than the company predicted last year and that the oil and coal sectors will grow at a somewhat slower pace, said executive Andrew Swiger. Swiger's remarks offered a preview of the company's annual Energy Outlook report, which will be released later this month. The company also expects energy consumption to level off in developed economies, largely because of efficiency gains.

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