Renewable Revolution

       

November 23rd, 2017 by James Ayre

SNIPPET:

The CEO went on to state that Statoil would remain focused on oil and gas extraction for decades to come, and that demand will remain strong.

An attitude which was paraphrased helpfully by the writers over at Reuters as: “There’s oil, and then there’s oil.”

Yeah, that’s pretty much what Statoil CEO Eldar Saetre’s comments amount to. Yes, it’s true that some oil reserves are more energy intensive to develop than others … but that’s really besides the point — if extreme anthropogenic climate change is to be curtailed, then effectively all of the world’s oil reserves will need to remain in the ground.

I’m aware that that’s very, very unlikely to happen, but that reality doesn’t justify the doublespeak that’s so common nowadays (seemingly across all sectors, and all political parties) and that is being used to keep business-as-usual going even as climate collapse gets closer by the day.


Full Article:

https://cleantechnica.com/2017/11/23/statoil-focus-development-clean-light-crude-oil-ceo-says-focus-fossil-fuel-extraction-decades-come/

Agelbert Lamentation: These Oil Corporations just do not get it. But they will. Unfortunately, so will we.