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Exxon CEO on abrupt energy transition, fossil fuel underinvestment = high gas prices
Posted on 6/26/22 at 4:28 pm
Posted on 6/26/22 at 4:28 pm
quote:
Exxon Mobil CEO Darren Woods warns that an abrupt transition to renewable energy will cause society to “pay a high price.”
quote:
In an interview with CNBC’s David Faber, Woods cautioned against a government policy that fails to balance the current demand for affordable energy with the need for lower emissions. He said that underinvestment in the oil and gas industry correlates to higher prices. Instead, Woods continued his calls for a price on carbon to create a market incentive for lowering emissions.
In addition to impacting families who depend on affordable energy, Woods said that rising oil and gas prices have already pushed consumers in Europe to use other fossil fuels, like coal, rather than renewable energy.
Sherlina Nageer is an American activist in Guyana, where Exxon Mobil recently invested $10 billion in a fourth offshore oil production project. She told Faber that all oil development should stop, saying, “the negatives in the long term outweigh whatever positives may be reaped in the short term.”
Katharine Hayhoe, chief scientist at The Nature Conservancy, stressed the importance of transitioning away from fossil fuels. She cautioned, “If we don’t fix climate change, it will fix us.”
When Faber asked Woods what Exxon Mobil will look like in 10 years, he predicted that the company may continue to participate in oil and gas exploration, although it will also engage in renewable energy solutions like biofuels.
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Posted on 6/26/22 at 4:31 pm to ragincajun03
quote:
Sherlina Nageer is an American activist in Guyana,
Egotistical narcissistic American activists screwing up life across the planet. (What are the chances shes Ivy League educated?)
ETA: University of Chicago, just a tick below ivy.
quote:
Katharine Hayhoe, chief scientist at The Nature Conservancy, stressed the importance of transitioning away from fossil fuels. She cautioned, “If we don’t fix climate change, it will fix us.”
Katharine could do a lot to help lower carbon emissions by ending her own breath. Poor people get their fossil fuels and Katharine stops breathing (and stops talking) to reduce carbon emissions.
This post was edited on 6/26/22 at 4:37 pm
Posted on 6/26/22 at 4:31 pm to ragincajun03
Anyone with a brain could see that coming. Guess the Potato in charge just doesn't care about average people's ability to afford their energy costs.
Posted on 6/26/22 at 4:33 pm to ragincajun03
Nageer please
Posted on 6/26/22 at 4:34 pm to WhuckFistle
Posted on 6/26/22 at 4:35 pm to ragincajun03
I’ll tell that lady the same thing I tell my wife. Hey hoe, shut up!
This post was edited on 6/26/22 at 4:35 pm
Posted on 6/26/22 at 4:36 pm to ragincajun03
Carbon taxes incoming
Posted on 6/26/22 at 4:43 pm to ragincajun03
quote:
Sherlina Nageer is an American activist in Guyana, where Exxon Mobil recently invested $10 billion in a fourth offshore oil production project. She told Faber that all oil development should stop, saying, “the negatives in the long term outweigh whatever positives may be reaped in the short term.”
I’m sure she traveled to Guyana in a sailboat bc of the emissions.
I find it funny people from countries that got rich off O&G are lecturing countries that they can’t do the same. What’s going on in Guyana is life changing for an entire country. Should reshape the entire nation if done correctly.
Posted on 6/26/22 at 4:45 pm to ragincajun03
This is always laughable to me. The big OG tycoons are grappling at whatever they can to maintain profit for their shareholders, but also acknowledging that green sector is the next step.
Lots of retards.
Lots of retards.
Posted on 6/26/22 at 4:46 pm to genuineLSUtiger
quote:
Carbon taxes incoming
I believe that is already in place in Guyana
Posted on 6/26/22 at 4:56 pm to ThatMakesSense
quote:
This is always laughable to me. The big OG tycoons are grappling at whatever they can to maintain profit for their shareholders
Ok
quote:
but also acknowledging that green sector is the next step.
Eventually- yes.
Implementing them right now, we’ll, you would have to be a moron of epic proportions to do so:
Posted on 6/26/22 at 4:58 pm to ThatMakesSense
quote:
but also acknowledging that green sector is the next step.
What are you talking about? Solar panels and wind turbines are woefully inadequate at this time, oh and you still have a shite ton of other products that aren't burned that require oil & gas products.
He's saying what everyone else is saying, we should use what works until we can find something better to replace demand instead of forcing down demand with top-down authoritarian governance by the democratic party in league with militant activist environmental groups.
Posted on 6/26/22 at 5:01 pm to tiggerthetooth
Exactly. There is nothing wrong with alternatives to petroleum based energy. It makes sense and is the future.
But to force the initiative before it’s ready is not the correct way to move forward.
But to force the initiative before it’s ready is not the correct way to move forward.
Posted on 6/26/22 at 5:03 pm to ThatMakesSense
quote:
The big OG tycoons are grappling at whatever they can to maintain profit for their shareholders,
weird. it’s almost like that’s their job or something.
quote:
but also acknowledging that green sector is the next step.
who do you think is going to be providing you that green energy in 20-30 years?
quote:
Lots of retards.
nope, just one so far in this thread.
Posted on 6/26/22 at 5:03 pm to ThatMakesSense
quote:
This is always laughable to me. The big OG tycoons are grappling at whatever they can to maintain profit for their shareholders, but also acknowledging that green sector is the next step.
Outright not acknowledging it is career suicide via shareholder and investor sentiment. Too many corporate investors who require ESG elements. That’s all “out the window” at the moment but this is a flash in a pan. The “green push” will continue. See Engine 1 takeover of the EM board
Posted on 6/26/22 at 5:04 pm to tiggerthetooth
quote:
Solar panels and wind turbines are woefully inadequate at this time
Don't forget that every wind turbine requires 60 gallons of oil and a diesel generator to begin operation.
Posted on 6/26/22 at 5:09 pm to ThatMakesSense
quote:
Lots of retards.
The irony
Posted on 6/26/22 at 5:11 pm to FredBear
was just circling back to post that ThatDoesntMakeSense
This post was edited on 6/26/22 at 5:12 pm
Posted on 6/26/22 at 5:17 pm to ragincajun03
quote:
Katharine Hayhoe, chief scientist at The Nature Conservancy, stressed the importance of transitioning away from fossil fuels. She cautioned, “If we don’t fix climate change, it will fix us.”
Hey Ho, stfu
Posted on 6/26/22 at 5:18 pm to ragincajun03
quote:
Instead, Woods continued his calls for a price on carbon to create a market incentive for lowering emissions.
Sounds like Al Gore carbon credits
Typical of modern day big corporate/government pseudo socialism
Big guys like Exxon lobby for things that on the surface look like leftist regulations knowing that they can either absorb the hit and put some small guys out of business or (or rather AND) carve out a Exxon sized exemption that doesn’t go down to the small guys. Once again putting their competition out of business
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