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According to the interview with ExxonMobil, why did they not continue to invest in newer types of energy?

A) Lack of resources

B) Lack of technology

C) Focus on existing energy sources

D) Government regulations

User Qazwsx
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1 Answer

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Final answer:

ExxonMobil maintained a focus on existing energy sources rather than investing in new types of energy because of the substantial energy investment needed for transition and the practical and economic challenges involved.

Step-by-step explanation:

According to the interview with ExxonMobil, they did not continue to invest in newer types of energy due to a focus on existing energy sources. This emphasis can be understood within the context where transitioning to renewable energy infrastructure requires substantial energy investment at a time when energy is already in limited supply. Furthermore, there are significant practical and economic challenges to developing a comprehensive energy portfolio from alternatives that permit a continuation of current lifestyles. Private markets may also offer insufficient incentives for the development of new technology due to economic and logistical barriers.

User Imtiaz Sakib
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