Sorry folks, America is the leading source of the planets green house gases. That coal, natural gas, and other dirty energy that we don’t burn we sell it to other countries to burn. We, our government and corporations, are also the driving force behind helping$$$ “emerging” markets grow their economies to investment grade using with cheap dirty technology.

Natural gas is NOT a solution to the Collapse of our atmosphere’s ability to support life. It is just that source of energy being targeted by those who give millions to our politicians.

Comments

telliottmbamsc's picture
telliottmbamsc 5 years 9 weeks ago
#1

http://priceofoil.org/2014/12/16/exxonmobils-pr-chief-gives-empty-retort-oil-change/

ExxonMobil’s PR Chief Gives Empty Retort to Oil Change, December 16, 2014

Share on facebookShare on twitterShare on emailShare on pinterest_shareMore Sharing Services10

Last week we exposed ExxonMobil’s Outlook for Energy as a corporate fantasy rather than a forecast. We analysed the company’s annual outlooks going back to 2005, and found a consistent and clear pattern of bias against renewables and towards fossil fuels. The Financial Times took note.

We also got a response from Ken Cohen, ExxonMobil’s Vice-President for Government Affairs and Public Relations.

Importantly, Cohen didn’t question any of our numbers, nor respond to our four core criticisms of the Outlook:

  • ExxonMobil assumes that current growth rates in renewable energy now collapse;
  • ExxonMobil assumes that technological developments in electric vehicles stall;
  • ExxonMobil assumes that governments take minimal action on climate change not just now but throughout the next two decades; and
  • ExxonMobil assumes that climate change will not be limited to 2°C.

In essence, then, Cohen is not saying we got anything wrong, even as he labels our work ill-informed, and “odious”. Instead, he makes two broader points. First, that the company aims to make the outlook “as sober and objective as possible”, because it bases investment decisions on it. And second, he claims that ExxonMobil’s projection is quite similar to projections by others, such as the International Energy Agency.

Last week a journalist asked me why I thought ExxonMobil got things so badly wrong. I said I could think of two possibilities: either the company’s forecasters are incompetent, or the company is trying to pull the wool over people’s eyes. In support of the latter view, Cohen was the architect of campaign, starting in 2005, to use the Outlook for Energy to advance ExxonMobil’s political objectives, as Steve Coll detailed in his opus on ExxonMobil, Private Empire.

But Cohen insists ExxonMobil really does make investments based on this rather flimsy piece of quasi-analysis. If that’s true, it sounds like bad news for ExxonMobil’s shareholders…

For example, in its Outlook, the company is consistently dismissive of new, non-fossil fuel technologies such as solar power and electric vehicles. Its reasons for these dismissals keep shifting from year to year, as its earlier criticisms prove false… yet its future projections generally stay the same. First ExxonMobil claims the alternatives are too expensive, then they’re too intermittent, and now, ok they’re viable, but still will be held back by challenges from “other alternatives”, which the company doesn’t actually name.

This constant invention of new rationalizations for ExxonMobil’s desired future seems to us neither sober nor objective.

In our analysis last week, we pointed out that ExxonMobil’s numbers are very different from those of the International Energy Agency (IEA) and others. For example, all major energy statisticians report recent growth rates of wind and solar generation as between 25% and 28% per year. ExxonMobil is alone in recording just 6% growth.

Ken Cohen didn’t explain that disparity, but pointed to other numbers where his company’s projections were similar to IEA’s, in particular on fossil fuels’ share of the energy mix in 2040. What Cohen didn’t tell his readers is that the IEA publishes its outlook figures for three main scenarios, depending on levels of action on climate change. Cohen chose to compare ExxonMobil’s numbers only with the IEA’s “New Policies Scenario” (NPS), which the IEA says would most likely translate into a disastrous 3.6°C of warming by the end of the century.

Cohen’s claims here aren’t actually pointing out anything new. In fact our analysis criticised ExxonMobil’s emissions trajectory for being close to the NPS in 2040 (and much higher earlier on), as that’s an intolerable level of climate change. Governments have committed to keeping warming below 2°C. If we compare with the IEA’s “450 Scenario”, the pattern is quite different: whereas ExxonMobil says fossil fuels in 2040 will be plateaued (or very slightly decreasing) at 77% of energy, the 450 Scenario projects 60% and falling fast. We should add that Oil Change International also considers the 450 Scenario as being too conservative, as it gives only a 50% chance of staying below 2°C, which recent climate science suggests may in fact be too high a target.

In his response, Ken Cohen asked us why we thought the IEA has similar numbers to ExxonMobil’s. The answer is that only some numbers are similar, and only in some (very undesirable) scenarios. We don’t agree with everything the IEA says, but unlike ExxonMobil, it does at least recognise that if we are to address climate change, energy patterns will change significantly.

We’d love it if Ken would answer our questions in return, specifically how his company justifies the four assumptions we highlighted at the start.

PS Ken also took issue with our ‘Exxon Hates Your Children’ campaign. As the company continues to drive us toward a world with diminished food and water supply, greater conflict, and large-scale destruction of property, communities and livelihoods, we believe the evidence that ExxonMobil hates kids is rather stronger than the evidence that the future could look like its Outlook suggests.

Roland de Brabant's picture
Roland de Brabant 5 years 9 weeks ago
#2

He who dies with the most toys wins. Exxon is just trying to expedite the scorekeeping.

Roland

Add comment

Login or register to post comments

Come Cruise with Thom Hartmann in July 2020

Join me for an exciting Bermuda getaway aboard Oceania Cruises, the world’s leading culinary and destination-focused cruise line. Set sail on the reimagined Insignia for 7 nights beginning July 25th 2020. Take advantage of Oceania Cruises’ OLife Choice promotion, where you can choose shore excursions, a beverage package, or onboard credit – Oceania Cruises also includes Wifi! You'll also receive complimentary gratuities, a $50 onboard credit and two exclusive cocktail parties. Did I mention we are planning special onboard events with yours truly? Prices start at $1199.

Reserve your stateroom today by contacting Keene Luxury Travel, and mention the Thom Hartmann Group 800.856.1155

or go to https://www.keeneluxurytravel.com/th-bermuda/default.asp

"The Saddest Thing Is This Won't Be Breaking News"

Thom plus logo As the world burns, and more and more fossil fuels are being used every day planet-wide, atmospheric carbon dioxide levels passed 416 ppm this week at the Mauna Loa Observatory in Hawaii. In the 300,000 years since the emergence of modern humans, carbon dioxide levels have never been this high.