After I began these hearings and mentioned we wished to get Massive Oil in there to testify, I didn’t wish to do a gotcha listening to. My sincere hope was that you’d have these executives are available in and say, “Look, we made errors previously, here’s what we’re doing now, and we’re open to concepts about what that may appear to be going ahead.” And you possibly can think about a visionary C.E.O. of one in all these corporations saying, “Look, now we have to diversify our vitality sources. We’ve bought to actually make investments in clear know-how. We actually need to take the Paris accord critically.”
However that’s not what you will have within the tradition of those corporations.
Now, you will have that in some locations, in different areas of the economic system, the place individuals are speaking about clear trade on metal and on aluminum manufacturing, in transportation and in know-how.
It’s additionally the case that for a few of these industries — like tech, the place electrical energy is a really massive a part of the carbon footprint, which may be decarbonized shortly — the transition is less expensive. In some others, like clear metal and aluminum, no one is anticipating a fast transition, which suggests the rubber hasn’t but actually hit the street.
I’m not saying that they’re all good. However what I’d say about Massive Oil is that they haven’t made in any manner substantively a transition in diversifying. However on the similar time, they’re telling the general public that they’re. That’s essentially the most jarring a part of this — they wish to be seen nearly as good guys.
And I nonetheless would a lot relatively that they turn out to be a part of the answer than that, as a result of my curiosity is in fixing local weather change. If we might get them to shift — that’s actually the objective. However I’ve bought to let you know, after greater than a 12 months and tens of millions of pages of paperwork and 6 or seven hours of testimony, I’m not hopeful of that within the quick time period.
I don’t know that I even see many locations the place an oil or gasoline firm would have a enterprise benefit, given the dimensions and relative maturity of the renewable corporations.
Nicely, there’s definitely work they might do, proper? To shut up wells leaking oil and methane, for example.
