NYT Opinion: Rockefeller Family Fund Director, Lee Wasserman asks "Why Are We Still Looking for Oil and Gas?"

Thursday, July 25, 2019

If an artist were to choose colors for portraits of public officials to represent their records on climate change, one color would suffice for Donald Trump: charcoal black. How better to capture the president’s efforts to increase the extraction of coal, oil and gas at a time when emissions from these fuels are likely to expose tens of millions of people to life-threatening heat waves, coastal flooding, severe storms and water shortages.

But to be honest, the portraits of most of the world’s progressive leaders wouldn’t be much brighter. The United States was well on its way to becoming the world’s largest producer of fossil fuels before Donald Trump. Even today, with only a few decades left for us to reduce greenhouse gas emissions without potentially catastrophic long-term consequences, far too many officials of all political stripes continue to expand the amount of fossil fuels we now extract and burn.

It was President Barack Obama, after all, who described “all of the above” as the preferred nonchoice of energy sources. He enthusiastically embraced the fracking boom that is now primed to unleash a tidal wave of carbon dioxide into the atmosphere. His successful effort to end the country’s export ban on fossil fuels encouraged industry to go after every ounce of oil and gas it could find — and it is finding plenty. Taken together, President Obama’s legacy is a nation that produces more oil and natural gas than Saudi Arabia.

Climate policy can get complicated fast, but there is really only one question to ask when considering an official’s climate bona fides: Will his or her policies lead to an increase or decrease in the amount of fossil fuels coming out of the ground? One peer-reviewed study found that to have a 50 percent chance of meeting the Paris accord’s target of staying “well below” 3.6 degrees Fahrenheit of additional warming, we must refrain from burning much of the fossil fuel reserves currently listed as assets on the balance sheets of energy companies...