Transition from oil to renewable energy 100 years away, says Exxon Mobil
Oil giant claims ‘no viable alternatives’ will emerge in the next century.
Photo: Doug Letterman/Flickr
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Transition from oil to renewable energy 100 years away, says Exxon MobilOil giant claims ‘no viable alternatives’ will emerge in the next century.By Stephanie RogersTue, Jun 02 2009 at 11:35 AM EST
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Photo: Doug Letterman/Flickr
We’ll all be heavily dependent on oil for the next 100 years, according to the world’s largest oil company, Exxon Mobil. The company, which has lagged behind its peers in pursuing renewable energy solutions, announced its belief that the transition from oil to clean energy is at least a century away because ‘there are no viable alternatives’.
Chief Executive Officer Rex Tillerson spoke to reporters after Exxon Mobil’s annual shareholder meeting in Dallas last week, asserting that petroleum-based fuels will remain the dominant sources of energy for factories, offices, homes and cars.
A plan to regulate greenhouse gas emissions introduced by Democrats in May would allocate a limited number of emissions credits to refiners and electricity producers, which would drive up the price of fuel for U.S. consumers, Tillerson complained.
“The oil-gas-refining side of the business received a very, very small amount of the allocations, which means that sector will bear more of the costs more immediately. If we’re going to place a price on carbon, let’s do that in the most efficient way. A carbon tax is more efficient than a tax that’s applied by way of a cap-and-trade mechanism.”
Tillerson also expressed doubts about the need to restrict greenhouse gases, saying that many scientific questions remain unresolved.
“We’re going to be very forthright in not accepting something that is not completely scientifically proven,” Tillerson said. “We’re not skeptics. We’re just approaching this the way we would approach any scientific challenge, and it’s a serious challenge.”
Exxon Mobil spent years funding global warming denial groups before finally cutting ties with them in 2007.
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Related Topics: Oil Dependence, Renewable Energy
Comments
Anonymous
06/09/2009 11:38 AM
Look at cold fusion, look at 50% efficent internal combustion engine(like the scuderi engine), look at stan myers efficent electroyis of water and John Karwictz machines that break down water with high efficency. This guy is trying to scare people that don't know about the power of science.
Barry McNichols
06/03/2009 15:23 PM
Rex Tillerson has made a good life for himself. Lee Raymond who took one half a billion dollars with him to retire on is a good example of the greed these men have displayed. They hate the United States and every one of us Americans. They have tried to destroy is politically and economically. They are a blight on humanity. The lady is right, Dick Chenney admitted that he started an illegal war. Now he is blaming it on George Tenet the former director of the CIA. You see when you lie, you must.... More
Karen Ratcliff
06/03/2009 15:13 PM
Tell that scum bag Tillerson that his big oil company will be billed for starting an illegal war with Iraq. Paying the families who lost over a million Iraqi civilians war reparations and be put on trial for crimes against humanity. WWJD What would Jesus do? It is a simple question. These men have destroyed this once mighty and powerful nation leaving it in a shattered mess as they ran up oil prices and destroyed the economic stability of not only the United States but the world as well. If I.... More
Hans
06/03/2009 11:57 AM
Oil and renewable energy have a very small link between one another. The vast majority of energy supply (for factories, homes, offices) comes from coal or natural gas; oil is most significantly used for fuels (cars)...Exxon Mobil making comments about the prospect of renewable energy as it relates to oil, and the status of it's "transition" is grossly inaccurate. Not to mention his comment about "no viable alternatives" and that "many scientific questions remain unresolved". The only.... More
Anonymous
06/02/2009 19:48 PM
It would be interesting to actually know what part of climate change is not certain to Exxon Mobil. With everyone else in the world recognizing the already manifesting impacts of increased carbon and GHG's in the atmosphere, I say the burden of proof is on Exxon, not the other way around. In addition, when analyzing any risk that they are wrong, I would argue that even a 1% risk of climate catastrophe should be enough to transform business as usual.
Anonymous
06/02/2009 16:13 PM
Of course big oil does not want clean energy. They would stap their own mother in the heart for a dollar. They have lied,got us involved in illegal wars, killed and polluted the planet by dumping billions of tons of black death into the air and water. They are some sick depraved individuals who in a perfect world would be staring out of a prison cell. They have bought off politicians with their ill begotten wealth and waged a secret war with folks who care amount the air and water we drink and.... More Add your commentSign in with one of these accounts or just add your comment below. |
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