On the importance of the petroleum industry in the transition to a zero-emission economy, it should be recognized that fossil fuels will still be needed to support the decades-long transition to 100% renewable energy. Finally, even though a petroleum company recognizes the dangers of climate change, it cannot voluntarily reduce oil and gas production without violating its legally required fiduciary duty and thus precipitating an investor revolt. To avoid legal jeopardy, they must wait for government policies to be enacted after mobilization of political will by organizations such as Citizens’ Climate Lobby.Transitioning the Petroleum Industry Laser Talk
Transitioning the Petroleum Industry
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