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In an act of global warming denial and free market zeal, Exxon’s CEO says government regulations will suppress entrepreneurial creativity in the search for fuel alternatives. Anyway, Tillerson says, fossil fuels will dominate the market for the next 30 years.
“All I can tell you,” he said, “is [that] in all likelihood I’ll get driven to my funeral in a hearse that’s using gasoline or diesel.”
One of America’s most powerful families will call tomorrow for a sweeping shake-up at the top of ExxonMobil, the world’s largest company.
Last night the family group issued a statement saying that the company’s leadership was “failing to address the future of energy and related industry hurdles”.