(Source: CERAWeek by IHS Markit)
President Joe Biden wants to work with the oil and gas industry on the transition to a cleaner energy future, one of the administration’s top climate officials said on March 2.
But John Kerry, Biden’s special presidential envoy on climate, also warned that the administration would be moving forward aggressively in its plan to reduce greenhouse emissions and further, efforts to resist the energy transition were bound to fail.
“There still is resistance to this transformation and that’s something we really can’t afford very much anymore,” he said during his CERAWeek by IHS Markit discussion on March 2 with Ernest Moniz, CEO of the Energy Futures Initiative and former secretary
In the past, rising prices have enticed shale companies to ramp up production even after they promised prudence. That is not happening now.