Energy Industry Leaders and Government Officials Rub Elbows at CERAWeek 2014

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This week was the 33rd Annual CERAweek conference, described as โ€œthe energy industryโ€™s preeminent gathering of industry leaders and government officials, offering new ideas, insight, and discussions on major strategic issues facing the global energyย industry.โ€

So what happens when you get the industry leaders together with government officials at an event where tickets costs as much as $7,500?

Well, itโ€™s always good to warm up the crowd with a joke, as Environmental Protection Agency head Gina McCarthy did in her remarks to the energy executives. She noted how they were preferable to the environmentalists because โ€œThey dress better, less flip-flops.โ€ ย 

And then she got down to business,ย reassuring industry attendees:

โ€œLet me be clear about one thing: Conventional fuels like coal and natural gas are going to play a critical role in a diverse energy mix for years toย come.โ€

McCarthy also reassured the industry that new power plant regulations would โ€œnot put the brakes onย business.โ€

Not to be outdone, U.S. Energy Secretary Ernest Moniz, was giving the industry advice on how they can get the ban on exporting domestically produced oilย lifted.

The matter will ultimately lie with the U.S. Department of Commerce, Moniz said. But he indicated that in order to achieve a lifting of the ban the oil industryโ€™s lobbying arms have a ways to go yet.

โ€œTo be honest I donโ€™t think the industry has done a very good job of clearly and concisely stating their case,โ€ heย said.

Moniz also had advice for the fracking industry.ย The secretary reiterated advice he has previously given to U.S. energy companies involved in U.S. shale plays โ€” that industry needs to โ€œget out in frontโ€ and do more to address concerns over the environmental impacts of unconventional exploration and production.

โ€œItโ€™s evident that environmental issues related to unconventional production have in fact slowed development of resources in certain parts of the U.S. but not others,โ€ Monizย said

From the industry side, Chevron CEO chimed in with his concern about rising income inequality in the US and his ideas on how to fix it. ย 

But Chevron CEO John Watson argued Tuesday that U.S. energy policy is increasing income inequality, pointing to renewable fuel standards and pollution controls as raising energy costs on those who can โ€œleast afford it.โ€

โ€œThe relatively wealthy can afford to pay for energy,โ€ he said at the IHS CERAweek energy conference in Houston. โ€œMany of the energy policies we have in place promote incomeย inequality.

Additional deep thoughts from the industry:

Eni’s (E) Paolo Scaroni noting that Europe is realizing that renewables are โ€œmore a problem than a solutionโ€; Siemens (SI) CEO Joe Kaeser says โ€œusing solar panels in Germany is like growing pineapples inย Alaska.โ€

Iโ€™ve yet to have an Alaskan pineapple but perhaps in a few decades, thanks to the work of the people who attend CERAweek, they will be available. ย 

Meanwhile, on a sunny day last May, Germany produced 22 gigawatts of energy from the sunโ€”half of the world’s total and the equivalent of 20 nuclear powerย plants.

How do you like them pineapples?

Main image: Oil pumpjack Credit:ย Pexels

mikulka color
Justin Mikulka is a research fellow at New Consensus. Prior to joining New Consensus in October 2021, Justin reported for DeSmog, where he began in 2014. Justin has a degree in Civil and Environmental Engineering from Cornell University.

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