EXECUTIVE PERSPECTIVE: Rex Tillerson on energy transitions: Enabling positive change for long-term global prosperity

Mar 15, 2013 10:30 AM ET

By Rex Tillerson | 14 March 2013

Chairman and CEO, ExxonMobil Corporation, USA

One of the great challenges for the energy industry is effectively communicating to the public and policy-makers the tremendous complexity and scale of global energy markets. The energy that is being delivered today is the product of bold vision; continuous technological advancement; and highly disciplined, long-term investment.

Because of this complexity and scale, transitions in global energy markets are measured not in months or even years – but in decades. Such transitions may not occur very often, but when they do, they have a profound and positive impact on countless lives by expanding supplies of the energy that fuels development and progress.

The history of energy over the last century helps put this reality into perspective. Today we are living a historic moment of energy transition – one that promises to power a cleaner, brighter future. But to secure its full benefits now and for future generations, we must make the right policy decisions today.

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