Investing in renewable energy in order to increase oil production
Jesse Barron writes: Rex Tillerson stood under a 32-foot pipe organ at the Morton H. Meyerson Symphony Center in Dallas, explaining how the world worked. It was May 2015, in the middle of an oil-price crash, and Exxon Mobil’s earnings had fallen 46 percent compared with the same quarter the year before. But Tillerson, then Exxon’s chief executive, told his shareholders to be confident in the future. Oil and gas furnished billions of people, including the very poor, with cheap,…