Woods argued the “dirty secret” is that customers weren’t willing to pay for the added cost of cleaner fossil fuels.
In his comments Tuesday, Woods argued the “dirty secret” is that customers weren’t willing to pay for the added cost of cleaner fossil fuels.
Referring to carbon capture, Woods said Exxon has “tabled proposals” with governments “to get out there and start down this path using existing technology.”
“People can’t afford it, and governments around the world rightly know that their constituents will have real concerns,” he added.
“So we’ve got to find a way to get the cost down to grow the utility of the solution, and make it more available and more affordable, so that you can begin the [clean energy] transition.”
For example, he said Exxon “could, today, make sustainable aviation fuel for the airline business. But the airline companies can’t afford to pay.”
“Cleaner Fossil Fuels” my arse. There’s no such thing.
And in terms of money, are Exxon really expecting us to believe that they couldn’t possibly shoulder the bill for even attempting to clean up the mess they’re actively causing?
I’m not a scientist, I don’t know one way or the other if there are “cleaner” fossil fuels. But I believe the Exxon CEO when he claims there are.
Hanlon’s Razor doesn’t apply to CEOs. It’s always 100% conscious malicious choices.
While it’s easy to believe Exxon would make up “we could have done it cleaner but it cost more than the market would bear” its much more in tune with big oil’s real strategy of “we absolutely knew about it and beyond doing nothing, we actively suppressed action about it and spent a lot of money ensuring no one else would too.”