Global oil industry supplies energy that is by its chemistry carbon-loaded and which is the main contributor to global warming. The industry fully understands the reality and gravity of this fact, but the extent to which it can participate and contribute to climate change solutions is limited by available alternative energy technologies. Further, national energy policies define energy options, which the oil industry can only follow.
It is therefore not realistic for climate groups to ask the oil companies to “leave oil in the ground” when there is petroleum demands to be supplied and which have no immediate energy alternatives.
