CBS 11 Header TXA 21 Header MeTV Header KRLD Header The Fan Header
Two Great Apps: CBS DFW Weather App: iPhone App Store | Android App Coming Oct | Download
                                   CBS Local App: The Latest From CBS DFW On Your Device | iOS & Android | Download
                                   -Including Breaking News Notifications, Audio and Video from CBS DFW

Business

Exxon CEO: Oil Will Be Top Energy Source For Years

View Comments
Exxon Mobil CEO Rex Tillerson speaks at a press conference. (credit: Brian Harkin/Getty Images)

Exxon Mobil CEO Rex Tillerson speaks at a press conference. (credit: Brian Harkin/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

From Our CBS Music Web Sites

186152214 Exxon CEO: Oil Will Be Top Energy Source For YearsJIM GAFFIGAN, "My kids have never eaten Hot Pockets

181572784 8 Exxon CEO: Oil Will Be Top Energy Source For YearsFunny Faced Cheerleaders

 alt=Musicians Then And Now

455079896 Exxon CEO: Oil Will Be Top Energy Source For YearsWATCH: Iggy Azalea & JLO's Booty Battle

 alt=Remembering Jimi Hendrix 44 Years Later

cowb thumb Exxon CEO: Oil Will Be Top Energy Source For YearsCowboys Cheerleaders

IRVING, Texas (AP) – The CEO of Exxon Mobil Corp. says alternative fuels will grow but that oil will remain the world’s leading source of energy for another quarter century.

CEO Rex Tillerson says natural gas will surpass coal as the second most heavily used fuel.

Tillerson made the comments Wednesday at the company’s annual shareholder meeting.

About 15 people protested outside the meeting hall, charging that Exxon was not doing enough to reduce climate change and develop alternative sources of energy to burning oil and natural gas. Shareholders were scheduled to vote on a resolution urging Exxon to set emission-reduction goals.

Tillerson said that the Irving, Texas, company has reduced greenhouse gas emissions over the past five years equal to taking nearly 2 million cars off the road.

(© Copyright 2014 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Latest News:

Top Trending:

View Comments