“On the 11th anniversary of the BP blowout, the real takeaway is that oil companies that think they are ‘beyond petroleum’ are value destroyers for shareholders and for the environment.”

Every April commemorates BP’s Deepwater Horizon oil spill (April 10, 2010). To the anti-energy Left, Deepwater Horizon is the epitome of oil-gone-bad, coming some 21 years after the Exxon Valdez oil spill. It was not supposed to happen again, but ….

The sad facts of Deepwater Horizon will forever remain. The multiple failures behind the accident are also well documented. But a paradox remains. Mighty BP, captained by John Browne, the leading “environmentalist” of the petroleum industry created the corporate culture that resulted in lax safety and environmental protocols. By saving about $5 million out of $100+ million in drilling costs, the company ended up paying out in excess of $60 billion.

“The people who build wind farms are not environmentalists. . . .  Business is a delicate balancing act, and chief executives are always walking a tightrope between the needs of the community, their employees, and the marketplace.” [Paul Gipe, Wind Energy Comes of Age (1995), p. 454.]

“Planet of the Humans‘ expose is long overdue.” [below]

Big Green, Inc. has been challenged by Michael Moore and Jeff Gibbs’s “Planet of the Humans.” Importantly, the multi-million-view documentary brought together the inconvenient truths of (politically correct) renewable energies, as well as batteries for electric vehicles.

In a recent post for the Institute for Energy Research (IER), “Long-standing Eco-warnings Against Renewables Reinforce ‘Planet of the Humans’,” I documented how many mainstream eco-authors forthrightly talked about these problems. I noted:

Moore/Gibbs memorialized what had long been recognized by the environmental intelligentsia.

“If we believe that somehow the market is going to take care of this, that you put a price on carbon and everything will sort itself out, or that we can shame companies into doing it, then I think we’re kidding ourselves. This needs a very significant interventionist approach and all industries have to be part of the intervention.”

– Ben van Beurden, CEO, Royal Dutch Shell. Quoted in Akshat Rathi and Laura Hurst, “Look Who’s Talking About Zero Emissions.” (Bloomberg: June 9, 2020)

Enron’s Ken Lay. BP’s John Browne. Duke Energy’s James E. Rogers. T. Boone Pickens. GE’s Jeff Immelt. And now Shell’s Ben van Beurden.

Welcome to the swamp of political correctness when industry leaders morph into apologists for mineral energies and endorse open-ended government intervention for forced energy transformation from dense, reliable energies to dilute, intermittent ones.

“Speaking truth to Greenout Power substitutes economic correctness for political correctness…. Go Chevron! The global and U.S. market share of fossil-fueled energy is 84 percent and 80 percent, respectively.”

The loaded title: “Chevron’s Answer to Climate Change Is to Keep Drilling for Oil” (August 13, 2020). The condemnatory subtitle from Bloomberg Green’s Kevin Crowley and Bryan Gruley: “The energy giant believes it can still wring years of profits from fossil fuels while its European rivals embrace renewables.”

Go Chevron! The global and U.S. market share of fossil-fueled energy is 84 percent and 80 percent, respectively. And these percentages could well increase, not decrease, due to strong consumer demand for dense, reliable energies–and taxpayer fatigue for inferior substitutes (wind, solar, ethanol, batteries/EVs).

Fossil-fuel optimism is not only realistic but a great story.