Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Well, energy consumers comprise a very broad spectrum: industry, transport as well as domestic.
"It is not RDS' responsibility to impose a timeline for change but, if it is smart, it will adapt positively to the changing needs and demands of energy consumers - for that is where the responsibility for climate change lays."
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All good stuff. Serous grown up debate is often lacking IMO.
I'm not sure 'responsibility' is the correct word in terms of consumers being 'responsible' for climate change.
I agree that consumers - through their consumption patterns & demands on 'big business' -
have to be a major part of 'fixing' our addiction to fossil fuels but equally governments & 'big business' have been slow in providing alternatives....possibly because certain players have been 'comfortable' with the status quo and have been resisting change (turkeys voting for Christmas)....but it seems that public & government opinion has 'apparently' finally agreed that Christmas is necessary and meat free alternatives to turkey will be on the menu!!
A ’red herring’ is a misleading or distracting thing so, no, climate change is certainly not a ‘red herring’ but a reality that energy companies like RDS need to take proper account of and to incorporate into their offering. However, this does not mean allowing the Guardian to write your business plan, nor does it mean abandoning the supply of fossil fuels immediately.
It’s up to Governments and the Users to decide what they need - and it’s up to RDS to supply it.
Is it RDS’ fault that transport and industry relies too heavily on fossil? No .
Is it up to RDS to offer solutions and help transition? Yes.
It is not RDS' responsibility to impose a timeline for change but, if it is smart, it will adapt positively to the changing needs and demands of energy consumers - for that is where the responsibility for climate change lays.
Climate Change is a red herring. The Majors need to diversify because oil reserves are shrinking and also, what reserves are left is getting more and more expensive to extract. Renewables (remember solar and wind only represent 2 to 3% of current World energy consumption) extends the oil age by maybe a decade or two so the majors must be part of that. With their free cash flow from fossil energy extraction they are in a position to out-bid and/or buy up renewable energy companies who have to rely on debt for their funding. The Majors are a long term investment in my view.