Trump Adviser Peter Thiel Questions ‘Group Think’ of Restricting Carbon Emissions
by James Osborne (Fuel Fix) Peter Thiel, the technology investor and adviser to President Donald Trump, questioned the global push towards restricting carbon emissions as “group think” while speaking Tuesday at the energy conference CERAWeek by IHS Markit.
“I’m not sure I’m an extreme skeptic of climate change but I have my doubts about the extreme ways that people try to push it through,” he said. “Even if climate change is quite as bad as people think it is, if we group think we’re more likely to misdiagnose the problem. Maybe it’s methane emissions, and the real problem is eating steak.”
The common thinking is Trump’s pledge to grow American jobs and reduce regulation should be good news for an oil and gas industry that was hit with climate change regulations during the Obama administration. READ MORE and MORE (The Hill) and MORE (Politico’s Morning Energy)
Excerpt from The Hill: The (Paris COP21) agreement could be extremely beneficial to oil companies, particularly if the countries involved forego coal-fired power and switch to natural gas, which numerous utilities worldwide are doing. READ MORE