Prior shareholder letters insisted the proposals were misguided or ignored the
company's efforts to spell out its position that even a world intent on limiting temperature rises would still
need more
oil — a position shared by bodies such as the
International Energy Agency, which sees
oil demand rising for some years to come yet.
This
oil they want to drill for represents at most 2 years of America's
oil needs, will go on the
international oil market when and if it is finally extracted, and so only benefit
oil companies, and, as these environmental impact statements clearly state, has a 50 - 50 chance of causing spills harmful to the environment.