Hydrocarbon reserves refers to underground or underwater deposits of natural resources like oil and gas. These reserves contain large amounts of hydrocarbons, which are compounds made up of hydrogen and carbon atoms, and can be used as sources of energy.
Full definition
We do estimate that an area
of hydrocarbon reserves twice the size of Russia was directly influenced by ice sheets during past glaciation.
Releasing a report responding to Ceres — a group made up of institutional investors which has for years been pushing resource companies to disclose their carbon bubble risks — Exxon vice-president of corporate strategic planning William Colton said, «All of ExxonMobil's
current hydrocarbon reserves will be needed, along with substantial future industry investments, to address global energy needs.»
We do estimate that an area of
hydrocarbon reserves twice the size of Russia was directly influenced by ice sheets during past glaciations.
Plate tectonics determines the location of oil and gas reservoirs and is the best key we have to understanding why deserts and arctic areas seem to hold the largest
hydrocarbon reserves on earth.
A perfect example of this was oil major ExxonMobil's March response to shareholders on managing climate risk, which made clear that the company has no expectation of government regulations that would strand its oil and gas reserves in the ground and would spend millions and even billions to continuing digging, literally, for
more hydrocarbon reserves.
There are already examples of coal mines, coal and gas power plants, and
hydrocarbon reserves which have become stranded by the low carbon transition.
Webb wrote to Davey a few days later: «[Newspaper] articles reported you backing moves that would encourage investors to think about moving their money out of «risky» fossil fuel assets, suggesting global emissions limits could
make hydrocarbon reserves unburnable, therefore stranding assets and rendering them worthless.»
«All of Exxon Mobil's
current hydrocarbon reserves will be needed, along with substantial industry investments, to address global energy needs,» William Colton, vice president of corporate strategic planning, said in a statement.
It assured shareholders that it takes climate issues seriously, even though it would not adopt a climate policy, and said the company would continue to develop
its hydrocarbon reserves.
As noted, the IPCC scenarios are probably not at all realistic, given
our hydrocarbon reserves.
This new bargain will include making the most of
the hydrocarbon reserves in the Athabasca Basin, while building a bridge from the old - energy economy to the new - energy economy — a combination that could unite as much pan-Canadian support as Sir John A. Macdonald's railway.
Unsurprisingly, ExxonMobil's management reassured investors that, «none of
our hydrocarbon reserves are now or will become «stranded».»