The leaders of the world’s largest oil and gas companies recognize the energy industry must transform to prevent catastrophic climate change, but they are insisting on a transition that guarantees future profits that will likely overheat the planet.Burning hydrocarbons is not causing climate change, oil and gas advocates argue, but releasing carbon dioxide and methane into the atmosphere does. Therefore, the world should focus on emissions, not reducing fossil fuel use, according to speakers at CERAWeek by S&P Global, the annual oil and gas summit in Houston.
If the public falls for the industry’s overly simplistic and misleading marketing message, the atmosphere will continue to heat up, natural disasters will worsen, and living standards will plummet.
TOMLINSON’S TAKE: Exxon, Aramco CEOs show Big Oil’s arrogance toward climate…