Climate Change Must be Tackled With Free-Market Innovation -- Exxon Chief
07 Octobre 2015 - 11:19AM
Dow Jones News
By Sarah Kent
LONDON--Innovation, encouraged by free markets and competition,
is the best way to tackle climate change, Exxon Mobil Corp. CEO Rex
Tillerson said Tuesday.
Speaking at a conference in London just two months ahead of a
major climate change summit, Mr. Tillerson acknowledged the risk
posed by environmental changes like global warming, but said it is
critical that actions to reduce emissions don't hinder the
provision of secure and affordable energy.
The boss of the biggest and richest U.S. oil company said
technological development will play an important role here, citing
the way in which the U.S. shale revolution has helped reduce
emissions by replacing more carbon-intensive fuels with
cleaner-burning natural gas.
"These impressive gains have come from the actions of companies
operating in free markets in the absence of a comprehensive cost of
carbon policy in the United States," Mr. Tillerson said.
"We've proven that with the right policies in place the
competition and cooperation inherent in free markets will spur us
to invest and innovate."
If a pricing system to limit carbon emissions were to be
implemented, Mr. Tillerson said the best system would be a revenue
neutral tax.
Write to Sarah Kent at sarah.kent@wsj.com
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October 07, 2015 05:04 ET (09:04 GMT)
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