Exxon CEO Says Labeling Oil and Gas as Villains Doesn't Solve Emissions Issue.

Exxon CEO Says Labeling Oil and Gas as Villains Doesn’t Solve Emissions Issue.

Written by Paulo Nogueira

Published on 16/11/2023 at 19:33

Seja o primeiro a reagir!

Darren Woods Argues That Oil Companies Must Play A Central Role In The Energy Transition And Claims That The Focus On Reducing Production Is Misguided.

The CEO of ExxonMobil, Darren Woods, emphasized the importance of oil and gas companies in the transition to a low-carbon economy during the APEC CEO Summit event in San Francisco, California (USA). He highlighted that considering the sector as a ‘villain’ does not contribute to reducing global emissions, and that companies play a fundamental role in providing reliable supplies of essential products for modern life at affordable prices.

Woods pointed out that labeling oil and gas companies as villains is counterproductive, as it does not contribute to the goal of reducing emissions. On the contrary, it could jeopardize reliable energy supply, destabilize global economies, and degrade people’s living standards. He also cited the example of Europe, where hasty measures resulted in increased emissions. Therefore, the executive states that it is essential to recognize the role of oil and gas companies in the energy transition and seek solutions that encompass the importance of these industries.

Woods argued that policies focusing on subsidies and decreasing fossil fuel production are ineffective and emphasized the importance of focusing on emissions reductions and market mechanisms.

ARTICLE CONTINUES BELOW

ExxonMobil Invests In Lithium And Carbon Capture To Become A Market Leader

The company ExxonMobil is expanding its horizons by starting the exploration of lithium and acquiring the carbon capture company Danbury. Additionally, the company has signed agreements with three clients to transport and store five million tons of CO2 per year. These actions are part of ExxonMobil’s plans to become one of the market leaders and represent a significant step towards sustainability and reducing carbon emissions.

The energy system, which has been developed over 150 years, is extremely vast and complex. Dismantling and replacing it is not a simple task, as it involves a series of technical, logistical, and economic challenges. The real question we need to address is not the energy source itself, such as oil and gas, but rather the harmful emissions they generate.

Source: Agência EPBR

0 Comentários

Mais recente

Mais antigos Mais votado

Feedbacks

Visualizar todos comentários

Exxon CEO Says Labeling Oil and Gas as Villains Doesn’t Solve Emissions Issue.

Darren Woods Argues That Oil Companies Must Play A Central Role In The Energy Transition And Claims That The Focus On Reducing Production Is Misguided.

ExxonMobil Invests In Lithium And Carbon Capture To Become A Market Leader

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

A producer from Santa Catarina started with a poultry farm of just 7,500 birds in 1994 and three decades later manages 21 farms thanks to a simple strategy he learned early on.

China wants to eliminate diesel trucks, betting on electric models that can cut oil consumption by up to 50%, reduce pollution, and change cargo transportation worldwide.

Melting ice is altering the planet’s weather, days are getting longer, Earth’s rotation is slowing down, and scientists are pointing to a phenomenon not seen in millions of years.

More than €600,000 in gold hidden in pots and an “invisible” safe inside an old house turns a small French town into the stage for a discovery that reveals how entire fortunes can remain buried for decades without anyone noticing.

Japan enters the war with the Terra A1 drone priced at $2,000 and turns the math against Putin by taking down swarms of Iranian drones for a fraction of the cost.

Scientists made electrons flow like a frictionless liquid within graphene — the result violated a law of physics that had been in place for over a century by 200 times…

Exxon CEO Says Labeling Oil and Gas as Villains Doesn’t Solve Emissions Issue.

Darren Woods Argues That Oil Companies Must Play A Central Role In The Energy Transition And Claims That The Focus On Reducing Production Is Misguided.

ExxonMobil Invests In Lithium And Carbon Capture To Become A Market Leader

While in Brazil a 10-story building takes 2 years to complete, in China a company stacks pre-fabricated modules and raises the entire building in just 28 hours and 45 minutes.

The oldest tree in the world, alive since before the birth of Jesus Christ, is cut down in a scientific study and the case changes environmental preservation rules.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

An entire island in the Pacific wants to surround itself with a colossal barrier against the ocean to try to escape increasingly violent waves and not be swallowed by the sea in the coming decades.

After ten days orbiting the Moon, science confirms that the astronauts of the Artemis II mission return with altered bodies.

In the Saudi Arabian desert, the world’s largest green hydrogen plant is 80% complete and will use 4 gigawatts of solar and wind energy to produce 600 tons of clean fuel per day when it opens in 2027.

A producer from Santa Catarina started with a poultry farm of just 7,500 birds in 1994 and three decades later manages 21 farms thanks to a simple strategy he learned early on.

The government will pay R$ 1.20 for each liter of diesel that Brazil imports and for the first time in history requires distributors to reveal how much they profit — those who hide their margins will face fines of up to R$ 500 million…

Under kilometers of water, rock, and salt, Brazil hides a colossal wealth that led an official guide from the U.S. government to recognize the country as the owner of the largest ultra-deep oil reserves in the world.

Iran said that the Strait of Hormuz is open, but in practice only 1 non-Iranian oil tanker managed to cross in 24 hours — before the blockade, 100 ships passed per day.

Petrobras completes 1,300 hours of work and 15 km of subsea lines to connect the Búzios 90 well to the P-79 — the platform is ready to produce 180,000 barrels per day and is just awaiting ANP approval.

Iran declares the Strait of Hormuz completely open this Friday, and the price of oil plummets nearly 10% in a few hours — the largest drop since the beginning of the conflict.

China wants to eliminate diesel trucks, betting on electric models that can cut oil consumption by up to 50%, reduce pollution, and change cargo transportation worldwide.

Melting ice is altering the planet’s weather, days are getting longer, Earth’s rotation is slowing down, and scientists are pointing to a phenomenon not seen in millions of years.

More than €600,000 in gold hidden in pots and an “invisible” safe inside an old house turns a small French town into the stage for a discovery that reveals how entire fortunes can remain buried for decades without anyone noticing.

Japan enters the war with the Terra A1 drone priced at $2,000 and turns the math against Putin by taking down swarms of Iranian drones for a fraction of the cost.

Scientists made electrons flow like a frictionless liquid within graphene — the result violated a law of physics that had been in place for over a century by 200 times…