Around the world, climate scientists are increasingly alarmed about an unprecedented spike in ocean temperatures, worrying that the hotter oceans will not only drive mass coral bleaching and more intense hurricanes, but may indicate that our global climate system is unraveling faster than we’d feared.
Meanwhile, at a big oil and gas conference in Houston last week, the head of the world’s largest oil company told a packed room that the world “should abandon the fantasy of phasing out oil and gas.”
And at the same conference, Exxon’s CEO, D.W. Woods, who was paid over $33 million dollars last year said: Exxon does not “see the ability to generate above-average returns for investors” from established clean energy generation such as wind and solar.”