How Big Business Is Hedging Against the Apocalypse

While Tillerson, head of one of the largest oil companies in the world and a power broker in international geopolitics, was accustomed to ignoring protesters, Crosby proved more tactical than most. Between Exxon’s meeting in Dallas and Flanagan’s announcement in Copenhagen, the oil giant had installed a new chief executive — Tillerson having exited for a brief sojourn in Washington — but had not experienced a change of heart. Exxon’s executives, like everyone in the energy business, had watched as the cost of renewable power tumbled ever lower in Texas, where a lattice of high-tension power lines carried electricity from the bright, windy plains of the far West and the Panhandle to the thirsty cities below.

Source: www.nytimes.com