In Reply to: re: Climate Change posted by Noah on December 10, 2015 at 17:47:55:
Just had a look at the ExxonMobil website and this is what they are saying to their shareholders about the physical risks from climate change caused by greenhouse gases. They agree that climate change poses risks and they are worried about the impact of weather extremes on their oil rigs and sagging pipelines as the permafrost melts and sea level rises!
While most scientists agree climate change poses risks related to extreme weather, sea-level rise, temperature extremes, and precipitation changes, current scientific understanding provides limited guidance on the likelihood, magnitude, or time frame of these events. Anticipating the likelihood of an event at the regional or local level in comparison to global averages is even more difficult.
Nevertheless, ExxonMobil robustly engineers its facilities and operations with extreme weather considerations in mind. Local climate, as well as potential changes in local conditions over the life of the investment (such as changes to sea level or permafrost), are carefully assessed and considered. Given the spatial and temporal uncertainties of many extreme weather events, particularly with respect to future changes in climate, facilities are generally engineered to be resilient to extreme event “tails,” with the inclusion of additional safety factors built in to cover a number of engineering uncertainties. "