At a recent meeting of the Council on Foreign Relations, ExxonMobil CEO Rex Tillerson laid down some knowledge on the general public, which he referred to as "lazy" and "illiterate." Mr. Tillerson is supremely confident that technology will solve the problems of resource extraction and climate change, if those "problems" even exist. Here are some of the highlights:
Think the tar sands are destructive and dirty?
“There are always technological solutions to these challenges and the risk associated with resource development.”
Worried about hydraulic fracturing ruining groundwater and damaging the environment?
“If you look at the technologies that are front and center today around the shale resources -- hydraulic fracturing, horizontal drilling, the integration of those technologies, how we drill these wells, how we protect fresh water zone, how we protect emissions -- we have all of that engineered.
"And the consequences of a misstep by any member of our industry -- and I'm speaking again about the shale revolution -- the consequences of a misstep in a well, while large to the immediate people that live around that well, in the great scheme of things are pretty small, and even to the immediate people around the well, they could be mitigated."
Well. Rex thinks the permanent poisoning of your water well is "in the great scheme of things are pretty small." Good to know.
Worried about Global climate change, rising seas, crippling drought?
“And as human beings as a -- as a -- as a species, that's why we're all still here. We have spent our entire existence adapting, OK? So we will adapt to this. Changes to weather patterns that move crop production areas around -- we'll adapt to that. It's an engineering problem, and it has engineering solutions. And so I don't -- the fear factor that people want to throw out there to say we just have to stop this, I do not accept."
Have high hopes for electric cars and renewable energy as a solution to the coming climate change related problems?
“No, I think we're not [going to use electric cars], which is why I'm not optimistic because it is a -- it's a very, very difficult science-physics problem to overcome.”
So when it comes to pumping more oil and gas from the ground, the answer is “yes, we can,” but when we talk about reducing carbon and the technologies required to do it, Tillerson sings a different tune.