It has become a familiar scene at major oil company annual meetings. Protesters, some of whom have purchased token amounts of stock to appear, confound the proceedings by asking oil companies to exit their business in the name of the environment.
According to this fringe, oil companies have a responsibility to protect the planet from the scourge of fossil fuels. Oil companies are portrayed as pushing their product while the planet overheats.
This black-and-white view of energy policy puts the global warming issue into a moral context. It assumes everyone who believes in catastrophic climate-change theory is good, and those who don’t are bad. It also asserts that replacing fossil fuels will make the world better and “sustainable.”
How wrong! Oil, gas, and coal are increasingly abundant, clean and consumer-friendly. Real climate is refuting warmist climate models. Fossil fuels are becoming more sustainable, not less, in the vernacular of environmental science.
The moral imperative is to deliver the best energies. To go in the opposite direction would create hardship for millions of families worldwide.
CEOs Rex Tillerson of ExxonMobil and John Watson of Chevron were cognizant of this fact when they explained the importance of balanced energy policy at their recent annual meetings. They offered reason in the face of ecological zealotry.
Tillerson urged continued oil and gas development to support a growing world population. He demoted scary climate models as “not competent.” He dismissed wind, solar and biofuels as wanting. He asked his critics: “How do you want to deal with that great social challenge to what good is it to save the planet if humanity suffers in the process of those efforts when you don’t know exactly what your impacts are going to be?”