One of the great things about being the boss of a giant oil conglomerate is that you sound slick to your own ears, no matter what words you spill. When ExxonMobil CEO Darren Woods, in a Fortune interview last week, said, ‘We have opportunities to make fuels with lower carbon in it, but people aren’t willing to spend the money to do that.’ Ergo, the public is to blame for still showing little intention of moving away from gobbling petro dishes. This is much like blaming people, not the easy availability of guns in the US, for gun crime – ‘If they moved to knives, America would indeed have had gun control.’ Or, as a climate economist put it, ‘It’s like a drug lord blaming everyone but himself for drug problems.’
But let’s take Woods’ claim seriously for a minute. He is right, for instance, in (kinda) pointing to the fact that the real challenge – even for non-Big Oil execs – is to nudge people away from fossil fuels, and that nudge is almost totally price-pointed. But Exxon exxetera would be as likely to like people moving away from oil and gas to air and sunshine as Big Tobacco would like folks to move from cigarettes to agarbatti. So, keeping RE prices up – and, thereby, tut-tutting people not paying that exxtra for non-fossil fuel – may be a quiet prayer for Woods and his neck of the fuel forest. What next? Let them eat diesel cakes?
Related posts:
Frantzen Stockholm - The Economic Times
Opinion | Get the Kids Back to School. Please!
World Champion Lewis Hamilton to Miss Sakhir Grand Prix After Testing Positive for...
Opinion | Clarence Thomas and John Roberts Are at a Fork in the Road
F1's Belgian GP Return Brings Back Memories of Anthoine Hubert
How peripheral vision brought a freedom fighter centre stage
Charles Leclerc Edges Lewis Hamilton in Monaco Practice, Max Verstappen 4th
The Saudi Royal Family is brutally divided over Israel-Arab Peace Accords and things could...
Why our HNIs deserve a happy, prettier new year
'Something Strange' on Charles Leclerc's Ferrari at Spanish Grand Prix