2012 — Number 1 - ExxonMobil

from unconventional sources will
grow by more than 400 percent
between now and then.
Tillerson said this historic shift
that is bringing abundant new
supplies of natural gas carries
environmental benefits. “Natural
gas is cleaner-burning than other
major energy sources, and this
will help us meet our shared goals
for reduced emissions and environmental
stewardship,” he said.
“In addition, the future of
North American energy security
continues to be transformed by
advances in deepwater exploration
and production,” he said.
“In just over a generation – my
generation – our industry has
taken the concept of deepwater
drilling from drawing board
to execution, building some of
the most complex engineering
marvels in human history. In the
process, we opened up a new
frontier for energy production that
has spread around the world. By
2040, we expect North American
and global deepwater production
to double.”
Emerging energy
consensus
Tillerson explained how this
energy transformation is changing
the policy landscape.
“With our success has come
a renewed public respect for
the importance of high-impact
technologies and the role our
industry can play in powering
the broader economy,” he said.
“A new energy consensus is
emerging. Policymakers from
both sides of the political aisle,
and from around the world, recognize
that energy is essential
to growth and progress, and
that every technological advance
in our field offers tremendous
economic and environmental
opportunities to achieve our
shared aspirations of hope and
opportunity for all.”
Tillerson noted that energy
policymaking is most effective
in meeting national goals when
the deliberation and dialogue are
driven by open and frank discussions
of the scientific, economic
and practical realities that shape
global energy markets. “For this
reason, in the decades ahead,
the successful development of
conventional, unconventional and
alternative supplies of energy
will depend on more than just
geologic conditions and technological
innovations,” he said.
“Success will depend on the
private and public sectors fulfilling
their respective responsibilities,
and working together to build
a climate of investment in and
discovery of new technologies. In
short, government and business
must both do their part.”
Roles of industry,
government
Tillerson said that industry’s role
is to unlock and deliver new supplies
of energy in a safe, secure
and environmentally responsible
way. “Our greatest strength is
developing the technology and
techniques that maximize value
while increasing safety, efficiency
and environmental performance,”
he said.
Government’s role is best
fulfilled when it allows markets
to operate freely and openly.
“Sound energy policies do not
pick winners and losers through
subsidies or mandates or punitive
tax policy,” he said.
Mr. Tillerson concluded his
remarks by noting that the
energy industry is continuing
to engage the public and
policymakers to increase safety,
improve performance and build
regulatory capacity based on
sound science as the industry
deploys new and revolutionary
technologies.
“Industry and
government
have both
played a role in this great energy
transformation,” he said. “By
recognizing our mutual contributions
in this positive change, we
can build on our achievements
and provide a model for the
world to increase investment,
innovation, opportunity and
progress for all.” the Lamp
Following his address,
Mr. Tillerson participated
in an informal questionand-answer
session with
energy expert Daniel
Yergin (right), chairman
of IHS Cambridge Energy
Research Associates.
To learn more
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