"It's well established that these companies actively misled the American public for decades about the risks of climate change," said Rep. Ro Khanna, D-Calif., who spearheaded the investigation with Rep. Carolyn Maloney, D-N.Y., who leads the House committee. "The problem is that they continue to mislead," Khanna said.
It's not the role of a company to tell you that their product is bad. In fact, they have a fiduciary and legal responsibility to their shareholders to NOT tank their companies. They are oil and gas companies. Their job is to produce oil and gas so that the world doesn't starve and freeze to death. The exec quoted that "net zero" "has nothing to do with our business plans" is 100% correct. They would all be in prison if their business plans included the literal destruction of their core business. That's called fraud. THAT would be deception. "Here, please, invest in my company. Oh, BTW, our goal as a company is to go out of business. No, really, we need your money."
The environmentalists will always hate O&G. Bending the knee to them is folly. It was folly when they said the world was cooling, it was folly when they said the world was warming, it was folly when they said increased hurricanes and increased intensity. All of the predictions made by the catastrophists have been wrong, without fail, every step of the way. If anyone is deceiving the public, it's the alarmists.
That said, I agree with Elon Musk that this is an experiment that we can't afford to run. If we're wrong, we all die and the planet becomes uninhabitable. However, the transition to alternative power sources can't happen yet. Technology hasn't figured it out. When it does, no one in their right mind will think burning black dino-sludge makes sense anymore. O&G is very much a dead industry. But expecting them to nod enthusiastically in agreement and take steps to dismantle their operations without any clear alternative is ignorant, prideful, and asinine.