ExMo Chief: energy independence is "isolationist"

On the same day Hilary Clinton released her plan to reduce the US addiction to foreign oil imports and significantly reduce greenhouse gas emissions, the CEO of the largest oil company in the world is balking at the pursuit for energy independence.

Rex Tillerson, chairman and chief executive of Exxon Mobil, has hit out at “isolationism” in energy policy (full article is firewalled) arguing that attempts to pursue energy independence are futile and counter-productive.

Tillerson stated that:

Regardless, no conceivable combination of demand moderation or domestic supply development can realistically close the gap and eliminate Americans' need for imports.”

His remarks, made at the World Energy Congress in Rome, provided support for calls from Opec, the oil producers' cartel, for what the group calls “security of demand”.

 

Sparks already flying at United Nation's climate talks

Didn't take long for word to get out that the UN climate change talks underway in Valencia, Spain are already bogging down.

The French Press Agency is reporting that, “… there had been by sharp exchanges over what the document should include and whether it should reflect findings published after a cut-off date for new material.”

The Australian Age is reporting that the report “… has been watered down as a result of influence from .

Will the US blink or balk at this week's UN Summit on Climate Change?

The final edition of the Intergovernmental Panel on Climate Change (IPCC) report on climate change will be released this week in Valencia, Spain and all eyes are on the largest greenhouse gas emitter in the world, the United States.

Optimism seems to abound. A Rueter's headline today announces that the “UN Panel's Global Warming Report May Win U.S. Support.”

One of the chief US negotiators, John Marburger even went so far as to say “We haven't seen any problems in the drafts that we've seen.''

We're not holding our breath though…

Hilary Clinton Unveils Aggressive Climate Change Plan

Presidential hopeful Hilary Clinton has just released an aggressive and comprehensive plan to fight climate change and significantly curb the US addiction to foreign oil.

The plan called “Powering America's Future: Hillary Clinton's Plan to Address the Energy and Climate Crisis” proposes to:

  • Reduce greenhouse gas emissions 80% from 1990 levels by 2050 – the level necessary to avoid the worst impacts of global warming.
  • Cut foreign oil imports by two-thirds from projected levels by 2030.
  • Transform our carbon-based economy into an efficient green economy, creating at least 5 million jobs from clean energy over the next decade.

Grist lays out the entire plan here.

Gore takes post with investment firm; vows to donate salary to climate protection

The former VP and Nobel laureate will investigate the growth potential of start-up companies focused on alternative energy sources, and then make recommendations to the California firm he represents as to whether they should receive venture-capital financing.

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