Home Energy and Environment Maybe Exxon Mobil’s Profits Can Buy Us a New Planet

Maybe Exxon Mobil’s Profits Can Buy Us a New Planet



The CEO of Exxon Mobil Corp. says there’s no quick replacement for oil, and sharply cutting oil’s use to reduce greenhouse gas emissions would make it harder to lift 2 billion people out of poverty.

What good is it to save the planet if humanity suffers?” CEO Rex Tillerson said at the oil giant’s annual meeting Wednesday.

Think about how much oil the world’s poor consume. Are they buying cars and driving to work, or are they walking or biking? Would they be helped more by lower gas prices for cars they can’t afford anyway, or by making small-scale clean energy more affordable – solar-powered local water filtration systems, home solar stoves, and better battery storage?

Now think about who suffers most from global warming-fueled extreme weather disasters. Is it the ultra-wealthy like Rex Tillerson? Or is it that subsistence farmer in Africa who Tillerson’s holding up as a human shield to protect his company’s mind-bogglingly huge profits?

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