For several years now, we’ve been making the case that the clean energy industry has to dramatically scale its advocacy investment to meet an aggressive disinformation campaign trained against it by the fossil lobby. We’ve found increasing receptiveness to that message, but we still run into people who think we’ve got tin foil on our heads. The refrain goes something like this: “Who’d want to do such a thing to wind, solar and geothermal power?”
Well, look no further than ExxonMobil CEO Rex Tillerson. He just effectively admitted his massive company – the most profitable on Earth – has a strong financial interest in blocking clean energy scaling. According to Tillerson, his company – which has one of the worst reputations in America – has a lot of the farm bet on fracking-driven natural gas. The company is in the electricity business like it’s never been before, and this means it needs electrons generated from burning fracked gas in order to recoup that investment.
Tillerson is betting much of his company's future growth -- and a good portion of his legacy – on the promise of fracking…To deliver the future returns that its shareholders expect, Exxon needs the XTO purchase – which so far hasn't lived up to its promise because of falling natural-gas prices – to pay off bigtime.
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