Exxon CEO Rex Tillerson is at it again. NYT reports on a speech he gave at an energy conference organized by Cambridge Energy Research Associates in which he said that “the scale advantages of oil and natural gas across a broad array of applications provide economic value unmatched by any alternative."
Tillerson predicted that carbon-based fuels would dominate other forms of energy as energy demand grows by as much as 40 percent in the next quarter century.
Saying that he hasn't read the IPCC's latest report published earlier this month, Tillerson said that “my understanding is there’s not a clear 100 percent conclusion drawn.” However, he seemed to acknowledge the severity of the problems caused by climate change: “So, despite the uncertainties, it is prudent to develop and implement sensible strategies that address these risks.”
But then he warned that "precipitous" policy decisions could damage the global economy and make future generations pay for hasty actions taken now.
Mentioning that Exxon scientists are working on a specific type of ethanol, Tillerson then said that he doesn't see a role for Exxon. In developing alternative fuels or what?
His comments seem to go from wanting to be perceived as being "sensitive" about climate change (see previous post) to defending the corporation's unchanging position as a unrepentent carbon fuel dinosaur.
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