IBD: 

While some companies like British Petroleum run endless ads touting their capitulation to the global warming religion by saying they are “beyond” petroleum, Exxon Mobil has been refreshingly unapologetic about developing the resources beneath our feet and making money doing it.

Speaking to reporters after the annual meeting of Exxon stockholders Wednesday, CEO Rex Tillerson shoved political correctness aside and insisted the science on climate change is not settled and “that to not have a debate on it is irresponsible” and that to “suggest we know everything about these issues is irresponsible.”

Also irresponsible is to ignore the growing energy requirements of the U.S. and world economy, hoping they will be met solely by sources such as biofuels which actually harm the environment by leading to cutting down forests and disturbing the soil to plant crops destined for our gas tanks, releasing huge amounts of CO2 in the process.

Tillerson says that “everyone agrees that notwithstanding the growth in all other options for supplying energy, renewables, nuclear, biomass alternatives, you are still going to require substantial fossil fuels to meet energy needs, and two-thirds is going to come from oil and natural gas.”

He spoke of Exxon spending $8 billion of its profits on the Kearl oil sands project in Alberta, Canada. This project alone is aimed at recovering between 4.5 and 6.5 billion barrels of oil.

Finding such oil takes money and expensive technology. That money comes from profits.