Cambridge Energy Research Associates – called “as close as it gets to a proxy for conventional wisdom within Big Oil” by a Wall Street Journal blogger – just finished a new report that says global warming represents the world’s first serious challenge to the dominance of fossil fuels. Companies know this and are starting to do more about it.
While fossil fuels aren’t going away tomorrow, there’s ‘lots the government can do to encourage their adoption and further innovation: Put a price on carbon dioxide emissions, set standards for a certain percentage of our energy to come from renewables, and provide subsidies to encourage cleantech. While clean energy supporters have been saying this for years, does this sentiment from big oil mean we’re starting to see some enlightenment?
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