Exxon’s CEO: Climate, energy fears overblown

Exxon Mobil CEO Rex Tillerson says fears about climate change, drilling, and energy dependence are overblown. In a speech today, Tillerson acknowledged that burning of fossil fuels is warming the planet, but he says society will be able to adapt. The risks of oil and gas drilling are well understood and can be mitigated, he says. And dependence on other nations for oil is not a concern as long as access to supply is certain, he maintains. In his address at the Council on Foreign Relations, Tillerson lay the blame for misconceptions about energy on a public that is “illiterate” in science and math, a “lazy” press, and advocacy groups that “manufacture fear.” He reminded those on hand that huge discoveries of oil and gas in North America have reversed a 20-year decline in U.S. oil production in recent years, and trumpeted the global oil industry’s ability to deliver fuels during a two-year period of dramatic uncertainty in the Middle East—the world’s most important oil and gas-producing region. “No one anywhere, anyplace in the world has not been able to get crude oil to fuel their economies,” he says. In his speech and during a Q&A session afterward, Tillerson addressed three major energy issues: climate change, oil and gas drilling pollution, and energy dependence. Read the full story here.