William Walter Kay BA LL B
“Every great cause begins as a movement, becomes a business, and eventually degenerates into a racket.” E. Hoffer (1967)
Big Oil is a driver and beneficiary of the Climate Change campaign.
(“Big Oil” herein refers to eight Western-headquartered multinational oil and gas companies: ExxonMobil, BP, Shell, Chevron, ConocoPhillips, Equinor, Eni and Total.)
Big Oil is conflicted about the Climate campaign which, after all, began as a petroleum phase-out initiative. This petroleum phase-out, however, ambles along while the campaign’s coal phase-out sprints forth. The main consequence of the coal phase-out, i.e. the switch from coal-fired to gas-fired electricity generation, has already blessed Big Oil with a trillion dollar windfall; and is only half completed.
Big Oil braces for the petroleum phase-out with investments in bio-fuels, multi-fuel service stations and electric vehicle charging points.
Big Oil companies and associations explicitly endorse the Catastrophic Anthropogenic Global Warming (CAGW) hypothesis and laud the Paris Climate Agreement. They play crucial roles in promulgating CAGW; and they are the chief lobby compelling implementation of CAGW mitigation policies. Continue reading “Big Oil Fuels the Climate Campaign”