The Future of Energy – Episode 3 – Tisha Schuller on The Generational Transition

( uplifting music) – Welcome everyone to thePrice College of Business Energy Institute webcast line on vitality. And today we have thespecial privilege of having Tisha Schuller, thepresident and founder of Adamantine Energy in Colorado. And Tisha, thank youso much for meeting us. We have a number oftransitions going on right now. So, there’s a magnificent vitality modulation, there’s social change, there’s environmental change, there’s political transition, but at the root of a lot of it is a generational transition. Going back from the greatest generation, the World War II generationinto the baby boomers who had so much influence on the economy and the world today. But being a baby boomer, we’re starting to age out, and you have writtenso much on this topic.We only thought it was verytimely that we could have you on and providing advice, both to thoseexecutives in industry today that might be tone deafor might not be hearing the liberty words and the things they should be recognizing, and likewise for the up and coming leads in the millennial contemporary and others. But again, thank you for joining us today. And for those who don’t know Tisha, she founded Adamantine after five years as the CEO of the ColoradoOil and Gas Association. And in kind of a unexpected behavior, became the voice for hydraulic fracturing on the figurehead assortment of the Rockies. And if you haven’t followedthis social transition in the state of Colorado, it’s an interesting one. She wrote a record about that.I’ll give a little plug for that. I’ve read it. Accidentally Adamant. And you can experience her expedition through this comical worldof environmental resist in an increasingly bluestate that had a significant tradition in oil and gas, and still does. Tisha is a fellow Stanford Cardinal. We’ve worked togetherfor a number of years on a number of fun projects.So Tisha, welcome. It’s great to get a reason to get together and I’m looking forwardto having our audience hear your words of insight. Too have on the callRobert Hefner the fifth. Robert comes from a long history, family history in oil and gas. He’s an OU Price graduate. He’s the prototypical industrialist, currently has his owncompany, Hefner Energy. He’s heartfelt about vigour, peculiarly trying to make sense of this grand transitionon a number of fronts.Robert and I have developed such relationships over the last few years. It’s been enjoyable. Mints of connections there. But I always be talking about the millennials, I call them my millennialsbecause I rely on them heavily to keep me from becoming tone deaf. And they just have anintuition and a perspective that has been exceptionallyvaluable to me as a boomer. And they just see the world differently. And I hope that’s what we get to. So again, today’s the third in a series. Our first webcast was with Scott Sheffield with Pioneer talking about an industry and acute crisis, challenges and responses. The last-place period was with Michelle Foss with the Baker Institute. Energy in transition, menaces and opportunities. And today we’re gonnatalk about the transition in exertion from a generational standpoint. So, a little about Tisha. She founded Adamantine to really require thought leadership to energy policy, business strategy politics, and especially in the areaof community engagement.She’s a nonresident chap at the Center for GlobalEnergy Policy at Columbia. And one of the interestingthings Tisha and I worked on a few years ago was asymposium at Stanford with the Natural Gas Instituteon world-wide exertion poverty. So Tisha, we really like to get going and you write a series inyour crystal ball series, but a great statement. Both of these things are true, where you contrast sort of immediate needs with long-term needs. More intensity, less carbon.Protect the balance sheet butdon’t forget your employees. Generate returns but don’t dismisses the up-and-coming ESG emphasis. And today, for the executivesthat may be aging out, the leaders of tomorrow arein many cases millennials, sort of Robert’s generation. So, if you could just walk us through your fascinating passage from being a Stanford earth scientist, to an environmental consultant, to COGA, to Adamantine, to how you came up with the Both of These Things Are True sequences, and walk us kind of that entire career up from the start to now and tell us how it all came to be for you. – Sure, thanks Mike and Robert, it’s such a pleasure to be here.And the action you laid thisout, Mike, is so important because the place the oiland gas industry is today, truly “were having” both an existential menace, but too all of these stoppages create an unbelievable opportunityfor the oil and gas industry to build bridges with the public, to mobilize its workforcein a way that generates excitement and pride and imagination. And I think I came to this perspective because my life is full of contradictions embodied in this idea of Bothof These Things are True. Things like I live in ruralBoulder County, Colorado, perhaps the hippiest placeon dirt after Berkeley. And I adore the oil and gas industry and I’ve dedicated my career to its success and ongoing relevance. So, that everything began back at Stanford in the late 80 s and early 90 s. And I, like any good college student, I procured myself raining chocolate dyed red onto my clothesto lay down and protest the war for petroleum, which actuallywas quite a controversial thing to do at Stanford at the time. And that was my start asan environmental activist. And I still feel and embodyenvironmentalism in my soul.I live in the mountains. I make my solace and refuge and in nature. And as I went through my life, that’s one thing that never reformed. So I moved, you know, ofcourse, where’s a good environmentalist gonnamove except a Boulder? So, when I came here to start my job and do the things thatpeople do as they grow up. I got married, I had minors, I started my environmentalconsulting vocation, turned into running an officeand then running a region and all those life realitiesand persuades set in. But my commitment to theenvironment never dropped. But what altered is thatI decided to be a person that would change my mindand change my knowledge often.And I still change my mind every day. In fact, hopefully I’llchange my head on something in this conversation. And so, being an environmentalscientist and a geologist and being married to one likewise, I became truly interestedin this fracking controversy and dug in, and reallywanted to understand it. And came to the conclusionthat, for example, if you wanted to beworried about oil and gas, that was the wrong thingto be worried about. I still feel that very strongly. Still spoilt numerous a dinner dialogue with that, wanting to dig into that topic, but that’s just one example. And so, this expedition of learning and critically thinkingand being willing to be a contrarian , not for thesake of being a contrarian, but for evolving, for beingon a ceaseless progression, extended me to thinking aboutoil and gas globally. In my worldview, living in Boulder where my adolescents were in cloth napkins. I was establishing baby menu, like the whole deal. So, “ve been thinking about” oil and gas, I was, let’s get off of it.We don’t need it. We’re done with it. And so, I went on a wander. Do we need it actually? Can we supplant it? And that journey has led me to today. So, 15 years later, heck yeah, we need it. Heck yeah, there’s a long bridge. Do we need to be a part of thedecarbonizing exertion future? Perfectly. Well, I’m sure we’lltalk about that today. But that’s what contributed me to COGA. I judged the ColoradoOil and Gas Association is just as important. Colorado has 150 yearhistory of oil and gas. The demographics were converting. The site of drilling was changing and conflicting with a lotof new erect, new residences.And I speculated, I can be a bridge. Very naive. Learned a lot, evolved alot around naivete as well, but I wasted those five yearsreally wanting to transform how people from my mindsetthought about oil and gas, but too about how theoil and gas industry participated with the public. So, if I started talking about five national precedent train regulations, parties would make stop on this webinar, so we won’t do that, but there’s a lot ofthings we could talk about about how we as an industryengage differently.Did the arguing be done away with? No. In fact, I make thepublic has really reached a tipping point drivenby political name and demographics, wheremore beings than not think we don’t need fossil fuel. More parties than notthink that oil and gas is a fuel of the past. So, in my work today, the emphasis I put onis that the obligation is on us to lead, totransform, to build bridges, to communicate with thepublic, with investors, with regulators on their periods. And that has led to allthe task I’m doing today and how I’ve come to panorama these disruptors that you mentioned, which iseverything from possibility for an immediate energy transition to a pandemic to oil price collapse to rise of the millennial contemporary has all produced me to think about, well, how do we use that to our advantage? Our industry has 150 -yearhistory of entrepreneurship.When electric lights “re coming back”, we didn’t precisely fold up and go home. We transitioned into selling fuel for the internal combustion instrument, and “were having” morphed and advanced, and we do this as part ofour DNA and who we are. And because of political identity, we’ve gotten a little combativeand maybe not embracing the opportunity to reinvent, co-create the intensity future. And so, that’s what I’mreally excited about. And the reason I’ve developed a passion for the millennial generation is that I used to, like everyone, so I’m contemporary X. You didn’t even mention contemporary X. We’re the overlook contemporary. We’re just sandwiched betweenyou two relevant contemporaries and nothing to be concerned about us. And so, I was as resentful asanyone about the millennials. But now dominatingpopulation will soon dominate the electorate, predominating fiscals. I felt I better get on board. I am not willing to be left behind. And so then, thattransformation within me, again, once again, having to evolve.That will be a theme. Once you embrace themillennial contemporary, you are on a recreation, wild, imaginative journey. And the millennialgeneration is almost 40. So, we’re not talking about 21 -year-olds. That’s generation Z. We’re talking about ageneration in their heyday economic, political, communal relevant. So I’m betting my future onthe millennial generation and that’s why I’m spendingso much time thinking about how they pass us into the future. – That’s a great description. And you know, you lovemillennials, I affection millennials, so I recalled if we’re gonnatalk about millennials it’d truly are very important for us to have a millennial on the call.So, Robert’s on. He’s in exactly thatprime one of the purposes of his busines. And so, Robert take it from there. What suggestion can Tishagive old-fashioned people like me and young chaps looks just like you? – Yeah, I affection that youwent there so quickly Tisha with your comments and I’m with you. I adore the warmth andthe passion of my contemporary. I’m one of the oldestmillennials out there. They began, I believes in 1983. I was born in 1985. They’ve tried to divide us and say that the older millennialsare not really indicative of the rest of the generation, and so we have a microsegment, but at any rate, today’s topic is all about generational transitions and intensity. And so, as we look atthe energy landscape, most of these companies arestill being run by boomers.Very few millennials are actually in positions of leadershipwithin the C-suite. And that transition is going to occur. Boomers are going to age out. Millennials are the up and coming leaders of these companies withinthe next five years even. What content do you have to both groups? – Robert, thanks for that. The first thing, when things are challengingto our name, our first reaction isalways defensiveness. So, I totally empathizewith a generation of leads who have literally writtenme, stop matter us out. We’re still here. We have two decades ahead of us, to which I would nicely to be told, satisfy , not two decades. That’s a lot, that’s a long time. But I get that our firstreaction is defensiveness. Like, we’re here. This is the way it’s done. And so, I want to acknowledge that. And then it’s incumbentupon each of us as a commander to hug interruption. That is the theme of 2020. It would have been the theme regardles, but now it’s just the topic onsteroids in every magnitude. And so, the method I liketo talk about things that are threatening in service industries, particularly to identity, is instead to compare it toa hurricane off the coast. So, if there’s a typhoon off the coast, as the oil and gas industry, security sentiment, safetypriority, risk succeeding, we don’t ask if we speculate or not believe that this is coming. We say, let’s prepare our facilities. Let’s cook our operations. And thinking about themillennial contemporary in terms of data andinfluence and relevance is why I invest a lot of time writing about the generation in those periods. And in fact, your listenerscan go to our website at and wehave a millennial report that’s fresh out that looks at data. So, we are intending to make this outof identity and into data. And formerly you recognize that not only are our millennial employeesgrowing in relevance, but our investors are millennials.The letting, whoever’sdoing permitting, the elected official, these are all millennials. So now the idea that there’s a generation of external stakeholders, ourcustomers are millennials, then we really have to rethink, how are we involving with this generation? And in order to better to do that well, the best thing we can do is engage with our employees internally. So, we can talk about this more as we go, but I like to induce veryspecific suggestions, like any strategicplanning area should have a relevant representativenumber of millennials at the counter, season, as well as representativediverse perspectives of the exterior world as well, and in your internal operations.So that’s my content isthe hurricane is coming, so let’s prepare. You don’t have to like it. You don’t even have to embrace it, but you have to manage risk. Now for millennials, what I’d like to say is thank you for your perseverance. You’re not breathtaking at it, but it’s okay’ begin yourtime have already had arrived. And what I think is really important for any of us who feel, who’ve obtained some quantity of resentmentat having to wait so long, is now’s the time to reallyembark, to participate, to too be mindful that thedisruption is affecting you and will affect you. Because as we all move intoour positions of leader and capability and relevance, then we want to hold on to the status quo. But now is the time toremember all the things. The vary manufacturers. Not try to say I’ve arrived and I will retain the status quo, but to be the deepen producers as we address racial equity and right, adecarbonizing vigour future, a changing workforce. So, that’s my opinion isyou are arriving now.Be dynamic, be innovative. – So, there was a report, I believe it was done in 2017 released by Ernst& Young. Within that study andwithin those findings, it was quite telling asto how things was just going to. Generation Z, only 6% of them ended oil and gas as pleading. 39% deemed the oil and gasindustry as unusually unappealing. Millennials by perspectivehad a little bit more of a favorable attitude, being 18%, highly requesting versus 23%, very unappealing. Furthermore, they started classifying gasolines in terms of contemporaries. So, 71% of teenages believedthat renewable oils were their gasoline of their contemporary, precisely solar and puff. And then believe that oil and gas is the fuel of their parents’ generation with coal being the oil oftheir grandparents’ generation. What points do you believe most attribute this directional sentiment to? – That’s such an interestingcaricature Robert, and I’m so glad you shared itbecause it does a few things. First, it anthropomorphizes gasolines, right? Like, we take carbonmolecules or electrons and we build them good and evil, and now we draw them age-old and fossils, or modern and exciting.So, that’s so relevant and so important for oil and gas leadership to contemplate and truly think aboutevolving their gues around. Because one of the things that we do, I don’t need to tell your public why oil and gas is important and relevant and need to be here for the future. This audience is recognized that. What this audience has the opportunity to think about differentlyis that there is a public that has moved on. The vast majority , not the vast majority, but a tipping part of the public, including regulators, elected officials, investors considered that oil and gasis a fuel of the past.The only practice to address thisis not to fight for our locate, which is what we end up make. We’ll improve them. Educating them looks likean old school monopoly defending to maintain. And what’s an old school monopoly? It’s your dad’s fuel, right? That’s it. We’re just fighting for the past. We cannot reinvent the future while we’re fighting for the past. So, the only option for usis to share the intentions of members of the public and say, we was told you. We’re interested in how youthink about the vitality future. We extremely demand a clean-living power future. We too care about the climate. We extremely care about decarbonization. And if those don’t alignwith a company’s culture or a leader’s internal ethics, then they actually need totake a look at if it’s time to retire because the world is moving on and only dynamic, deepening, imaginative, related presidents aregonna have what it takes to meet the public with a shared aspiration, look at their businesses andsay, how do we co-create? How do we co-create thisfuture with our public? And the last thing I’ll say, Robert, that you didn’t mention, but I would love your perspective on is my observation isour millennial workforce is in constant conflict.Even if they’re conservativeand live in some locate like Houston or Calgary, their peers think theywork for an old-time industry. And today in the midst of the pandemic, when 1/3 of them got laid off in March or furloughed indefinitely, their peers and eventheir parents are saying, why would you go back into that industry, service industries of the past? No subject how much they loveand adore their workplace, they’re in this constantstate in conflict situations. And the only way we can empowerour millennial workforce to represent, to beambassadors for our companies and for our industry isto help share a vision of an intensity futurethat we’re co-creating. Robert, what do you think? What’s your experience around that? – I have a lot of thoughts.I actually, I published arecent clause on Medium that slams on this topic a little bit, and it was announced, MillennialsHave Developed a Superpower. And the premise of the entirearticle was predicated upon the facts of the case that the millennials have been the unluckiest generation in its own history of home countries from an financial position. We have faced unprecedentedeconomic challenge.We currently own anunprecedented low-spirited amount of the prosperity in its own country. I believe it’s somewhere around 7 %. By similarity a boomerat my age in “peoples lives”, their contemporary ownedsomewhere in the ballpark of 15% or 20% of the wealthin the country at my age. And so, it’s a very large-scale issue that we face as a generation. That being said, it’s causedus has become still more musing. We don’t have the testosteronepuffing of our chest because we’ve beenbeaten down in many ways. We’ve been humbled. And so, I actually witness thesuperpower of the millennial being that we are able to workacross the aisle politically, something that has nothappened in a number of years or in over a decade. Our legislature, Congress, political parties, Republicans, Democrats has only just been receded further and furtherinto their own thinking. So, that’s the backdropthrough which I goal things.I have a lot of hope forthe future of our country as a millennial because of our willingness and ability to work together. I don’t find as much adversary discussion in regards to I work inthe oil and gas business. I was inducted as a listerin the Forbes 30 under 30 for force and manufacture. Almost everyone else in that category is working in renewables, artillery engineering, wind and solar, and theyall kind of considered me in a quirky light-footed, at least first until we started talking.And then they realizedI care about climate. I speculate climate change is happening. I considered to be not bealarmist, nonetheless, in that. And so, the discussion has been wonderful. I think you’re right. We need to have moreambassadors that are millennial in our manufacture speaking out, which imparts me to my question to you. Why do you think a Zoomeror a millennial today would rather work for Teslathan Continental Aid or another wonderful examplein the oil and gas business? Why should a young personwant to work in this industry? – It’s such an important question because we have to create the industry that millennials and generationZ now want to work in.And frankly, we haven’t established that. So, those who are in the industry and know our creativityare often second generation or have some special linkto the oil and gas industry. I feel the action we become our workplaces the place to be, to make yourcareer is a couple things. One, we have to have a publicnarrative about the future. And right now we spend a lot of our intensity literally and figurativelytrying to articulate why we stuff, acquainting the public. There’s huge shortcomings that I’ve wasted a lotof time writing about if beings are interested, onwhat we can do with education. It looks like we’re fighting for the past. We have to articulate the future in a way that people want to be a partof it and want to create it. And we know, and mostof the public knows that we are the rocketengineers of the subsurface, and we are also the discoverers of efficiency and decarbonization.And I argue publicly, frequently that decarbonizationhappens still faster with us than without us. And in fact, I don’t think it happens without the oil and gas industry. But how do we draw all such cases that coming to work forthe oil and gas industry is coming to work for the future, for innovation, for a clean planet, for raise standards ofliving around the world? So, we have to do that.The second thing we have to do is stimulate our situates of businessdynamic and interesting. We time have the opportunityof a lifetime right now because the number of CEOsI’ve gotten to talk to in the last month who havesaid I was opposed to telework, but now I see how efficientand effective our personnel is. One lesson, if we can change like that, we can also create shadowboards of millennials.We can create strategic initiatives about the vigour future andinclude diverse representatives. We can create awfully novelengagement safaruss with our public. Eventually, we have to change. We have to transform. We have to disrupted insteadof be the obstructed, and then parties will want to work for us. And our millennials willgo tell their friends, we got a job here for you. And we’re so innovative and dynamic that we can figure outhow to put your IT skills working together with our business. We can put your graphic motif skills at work in our business. So, I think it’s the two pieces, but I think we need deep transformation to reach the opportunity of today. It’s historic. We should impound it. 2020 should be the year thatevery oil and gas company publicly listed or privately held has started a strategicinitiative to express their character in the energy future. – Tisha, I adoration some of your points there. And Robert’s question, how do we do this? How does my contemporary do this? And two ways that reallyjumped out at me is this, share ambitions and co-create.I’ve expend a exhibition amountof duration on your website. I’m an ardent reader ofyour regular email sequences. I would encourage the audienceto get on your website and sign on for that. It’s free and a lot of insight there, but I identified some of thethings at the company that you guys specializein and they’re skills that historic leadersin the force industry didn’t really have to deal with. Our generation was aboutcreating abundance. That was acquiring reservesand producing them. And now we’re moving into thisworld of managing abundance instead of creating it. But with that comes some challenges. So, I meet things on yourwebsite, like card policy, navigating policy, deescalatingconflict, energy access. This is a whole new determined of challenges that we weren’t really trained to do. But one of the things thatreally rushed out at me, and it’s a big taglineyou have on the area was this concept of future proofing against rising social risk.So, it’s obviously somethingthat’s on your heart and your knowledge. Can you dive a littledeeper into what that means and policies you givecompanies to do that? – Absolutely Mike, thanks. The meaning of future proofing is also the idea of impounding opportunity. And some firms needto look at it one highway and some the other. Most oil and gas companiesare quite republican by culture and the leadershipis politically conservative. And I considered that that has accidentally sufficed as an disability to a keen remark ofthe stoppages around us. And I don’t think it “re going to have to”, because going back to thismetaphor of a hurricane off the coast, if we look atdata, if we look at conversions, we don’t have to send themthrough our political identity and have a reaction towhether climate change is or isn’t happening. We can simply say there’s aplurality of parties out there that think it is, andthey include my regulators and my investors and my customers. I should think about this, and increasingly my employees as well. So, the method we work with companies to think about futureproofing is one of two ways.Either someone in a mid-level, like a major statu executivebrings us in and says, I appreciate the risk. I verify the opportunity. And we devote a lot of time curing see the instance up thechain to the executive, to the executive team, thenthe C-suite, then the human rights committee. I would say that that isnow a much shorter journey these days than it was whenI started five years ago because people feel, there’s an existential anxiety about all the climate concern and the lure theopposition has gone even under the Trump administration. So that’s one highway we come in. The way that we actually getthings done once we’re in is every level of management, card, C-suite, ministerial unit “ve got to be” bought in to the idea that we have to understand the intentions of our key stakeholders, which includes investors and regulators and parties that materiallyimpact our ability to get our effort done.We have to understand theirambitions and the best interest. And this diversifies, it’s totally different for a company with all operationsin Oklahoma, for example, than a company with aninternational footprint, or certainly a companydoing business in Colorado. We need to understand and then we need to reallytie into the company’s quality and culture in a way that’s genuine. Adamantine gets a lotof announces from firms that wants us to doessentially PR for them. And we don’t do that. We will merely working in collaboration with fellowships that want to be materially changed by their interaction with us, because this is about evolution. We’ve all understand amazingcampaigns, information campaign, amazing ESG reports. They don’t win one heart, one imagination that’s not already with us. And so, we’re really talkingabout penetrating translation. It has to be authentic, sanded in appreciates. And then the culturework has to get started.And I’ve induce the top and Ican’t make it too many times that at a very early stage in the strategic planning process, diverse tones have to come to the table. Some conversationsexternal to the company, but many internal to the company, because we’re not gonnareinvent the future with the same five peoplethat got us here today. We’re gonna reinvent the future by reinventing how we conclude, how we behave, how we engage.So, that’s the processand I’ll only acknowledge the real challenge is, hey, we’re a small midstream company. We do hose. How are we a part ofcreating the vitality future? And find an genuine answer to that. It does live. We’ve never neglected. We can always were identified with a company, but ascertaining their authenticrole in the future then buys them 30 years to operate. And the reason is every, for example, midstream fellowship has to beable to answer the question, why should I let you build your grapevine? It will be here 30 years.We don’t need fossil fuel today. And a company can’t answer that if they cannot articulate their persona in co-creating the force future. So, that’s the heart and soul of our make. And maybe I should havegotten a therapist license along the way, because everysingle person who engages in this work has to transform. We have to transform every day. At this period, I, for example, am on racial equity and justice. Each company, working on it all the time. I have to grow every single day to rise to the opportunity of this moment. And that’s what we do. That’s the undertaking we do. – I desire the pluralityexample on climate change. Different beings have different opinions. If you ask beings aboutclimate change in a office, everybody slews to the regions and then outcries at eachother in all the regions of the room.But one of the issues with that is if you talk to my generation, they may discount that. But frankly, we’re notgonna live another 50 years. So, if you talk to Robert’s generation or younger generations, theyhave a different belief because it modifications their riskprofile in a era range. So, one of the questionsthat I will expect someone who deductions that or refusesto acknowledge that risk is, do your grandchildren agreewith you on this question? And it’s like, listento your grandchildren. See what their concerns are. And it ties right back tothe points you originated earlier on engaging and listening andunderstand that generation. But the fact is they justview the risk differently’ cause they’re really theones that is currently saddled, whatever the health risks profile may be. – That’s absolutely right. And genuinely for us asindividuals, depoliticizing this, and only, I’ve found thatpeople have a lot of freedom when I say, you don’t haveto believe in climate change.I’m not asking you to takeon a belief of various kinds. I’m asking you to care aboutwhat the public cares about. To think about what the data tells you about what yourstakeholders, your investors, your regulators care about. And so, anything that can takeus out of this environment into threat, into data, intosome sort of assessment of how to manage that, then gives a gap for us to start thinking about transformation. The other deep transformationis just our inherent longing. I live in Boulder. I persistently get those things brought up that draw me want tosay, but you drove here.You know, those reactionsthat we want to have. And I likewise have to overridemy defensiveness to say, what’s a way that createsa shared aim? Let’s look for that conference. And usually if I say, my focus is on creating adecarbonized energy future, we have a totally differentconversation about oil and gas. – So Tisha, it seems inconceivable to discuss generational power transitions without discussing climate.As you probably know, Michael Shellenberger really exhausted his new book, Apocalypse Never, on June 30 th. I’ve just finished it. It’s an absolutely wonderful book. And to be clear, Michaelis not a climate denier, same to our guest here today. Tisha is a passionate environmentalist who also happens to be someone involved in the oil and gas industry. So, I considered that makesyou a very unique voice to speak on these specific questions. First, have you had achance to read the book more? – I haven’t, but I knowMichael Shellenberger well. He was one of the two founders of the Breakthrough Institute and I suffice on their board of directors, and they too spoke, ifyou can believe this, at a COGA conference eight years ago. So, haven’t speak the book. Familiar with the work.- So, for our listenersand observers here today, what are your thoughtsregarding climate change versus atmosphere alarmism? And are you able rapidly define that for our viewers today as well? – Thanks for the question. I’ll share my personalviews with this audience because it’ll make itmore fun and interesting. At the same time I’llsay my personal feeling about climate is irrelevant to my work because the data tellsme that the public cautions. And so, that represents I care about it because I share ambitions with them. But my personal feelings about climate are that there are moreimportant world priorities than climate change.And then my number 1 mobilizer is raising beings out of poverty globally. If we want an empoweredworld where people have the potential to reach theiroptimal living conditions, they can only do it with vigor. So, I’m a big believerin a high-energy planet. I too sit on the board forthe Energy for Proliferation Hub, which has all aboutenergy at proportion for jobs in developing economies. So for me, that’s what I crave. I please we had the sameamount of obsession and vigour around alleviating energypoverty around the world and creating all ofthose amazing outcomes. So that said, I still thoughts climate is a extraordinarily high world priority. I’m a geologist, I’m anenvironmental scientist, I buy the data, even thoughit’s not my top priority. I just wanted to do everything I canto be part of the solution. Because I work in this idea of both of these things are true, I can hold two potentiallyopposing priorities in my mind at the same timewith the plan to address them.So, that’s how I “ve been thinking about” that. Now, I believe we all know, particularly those whosit in the industry, that atmosphere alarmism, discussing the climate crisis, these are communication tactics that disappoint because they contribute a sense of hopelessness. In fact, before “weve had” the pandemic, there was a ton of press andstudies around millennials and gen Z being depressed andeven suicidal over climate. This is no longer a productive world-wide process. So, I have significant essays of the environmental alarmismmovement in all its forms, but it turns out that it’s irrelevant because frankly they acquired. They won the conversation. They are winning increasing influence. And in the US wherethere’s the possibility of a significant politicalblue brandish this drop, we need to get on boardwith the conversation, and we cannot be credible reviewers of the environmentalapocalypse conversation when we’re not even at the table.Then it goes back to lookinglike attacking country. So, the space I involve isthat the burden is on us as an oil and gas industryto share the ambitions, to participate, and then we make room for navigating some ofthese collision priorities and saying, well, are wewilling to give up this? Are we willing to take on that? Can we be focusing onmitigation and adaption? Can we have web zero or netnegative oil production? But right now we don’treally get to participate in those dialogues. So that’s my priority. Let’s get at the table, let’s participate, let’s be part of the solution. And I keep most of mypersonal views about this now out of the conversation so that we can focuson getting to the counter and working on co-creatingthe vitality future.- Tisha, the statementyou just made, they triumphed. That’s a big statement. And what’s scary about that, and I’m really glad youbrought up the vitality poverty,’ justification I know that’s a fondnes of yours. It’s a feeling of mine. But one of the dangers of they triumphed is that to alleviate global intensity poverty, understanding that standardsof living, education, all of this is tied to energy use, is that to solve energy poverty, you have to have affordable, reliable power access. And for example, and I’m a bigadvocate of renewable energy, but renewable energy can’t do it all. And you and I have had theconversation on cooking oils, for example, and justhow much of a difference it would acquire to humanity fora couple of billion people if they had clean cook oils, which would involve, forexample, natural gas. But if we’ve lost this argumentand we’re not at the counter, but we still got to getthat word out there that there’s some placesthat actually need oil, like sizzling ga to cook food.Or affordable backup contemporary capability in the electricity gridto keep the grid stable, reliable, and inexpensive, how do we vary that narrative so we can get that topicback into the discussion?’ Cause if we’re not at thetable, we can’t have it. And if we don’t have it, wecould actually by losing, as you put it, they earned, we could find ourselveswith an vigor method that doesn’t work very welland it’s not that affordable.So, how do we vary the narrative? – I’m so glad you calledme out on saying they earned because for me, they prevailed is sanctioning. They acquired means we canstop fighting to win, which is what we spendmost of our time do, fighting to win and fighting to educate. So, they earned for me, it actually happened in January of 2019. I was going to Calgary to give a talk and a tremendous pipelineoverhaul legislation departed in that basically shut theindustry down in Canada. And this was still fresh. Now it’s something that we know as a fact. And I remembered, making my normal patter about advocating for service industries as an industry ambassadoris not gonna cut it. And so I dug in, again, to data. “Wheres” we? Where are we on public opinion? “Wheres” we on demographicsdriving future public opinion? And when I came to the conclusion that the public is going to think of us as a gasoline of the past untilwe do something different and there is gonna be aplurality that’s opposed to us, then I reputed, let’sdo things differently.So for example, in advocatingfor the role of natural gas, which I think is missioncritical globally, the room that I can geta seat at the table, and this is the way we did work through Stanford’s NaturalGas Initiative, Mike, that you and I collaborated on is to say decarbonization, addressing climate is a top priority. Now, how do we do that realistically in a nature where the realityof energy development is coal plus solar? And we could reduce emissions dramatically by changing that formulato natural gas plus solar. To get a seat at the table, I “re going to have to” set climate firstly. And I think in the absenceof a translation of the oil and gas industryand the lane we talk and think internationally, especially in this world of lettuce stimulus and recreating the intensity future, there is a requirement to articulateour shared alignment.And you can see that in the massive centres that the European international oil and gas majors have formed, which I do not view as a capitulation. I view as a very timelychange to meet stakeholders, policy makers, where they are. And then you have room to say, if we share these dreams, what’s the best way to get there? Let’s look at all the options. And natural gas is overwhelmingly relevant because it’s also feedstock for fertilizer and feedstock for industrialization. And if you can create the rationale as Energy for GrowthHub does so effectively that developing economies that will be affectedby climate need what? They need cement, road, infrastructure. They need hassles, they need prosperity. All of these thingsare entitled literally by our commodities on our feedstock. So, that’s why I think it’s liberating to acknowledge that publicopinion has moved on. Now let’s join them andlet’s lead into the future. – So Tisha, being mindful of time, I’m gonna try to fit inone added question before opening the floor to you for any of your closing observes, but nullify culture has comeback, speaking generationally.Michael Shellenberger, hisstory was canceled on Forbes called On Behalf of Environmentalists I Apologize for the Climate Scare. Highly decorated filmmaker Michael Moore, he was canceled for Planetof the Human on YouTube. Most recently yesterday, Michael Shellenbergerwas canceled on Facebook. What is the responsibility of socialmedia in this discussion today? And do these socialmedia stores have a duty to silence their pundits who want to have that seat at the table? – It’s such an important question and I’m going through myown wander in real duration about this, because the easy explanation would be for me to talk about the importance of ensuring that open andfree speech and talk. That “wouldve been” easy explanation and it’s an answer thatour entirety audience, it would resonate with. I am asking myself, why are tones that have felt disempowered , now feeling sanctioned, exploiting that to cancel, and where can we find ashared ambition in that? So, I’m not done with this work. I’m reading and thinking aboutcancel culture right now. I’ve been asked to write a Both of These Things Are True about it, but the answer people want from me is free speech, free dialogue.I actually think that’s too easy. I’m more interested in saying, why are parties resortingto cancel culture? It’s a superpower seizure, it’s a ability displacement, and if we just defend ourhistoric power structure, we’re not evolving. So, I don’t have an answer right now. I ought to have the equivalent of canceled in the environmental movement in Colorado to extreme answers. But I don’t want to go to the easy place.So I meditate right now whatwe can all ask ourselves is, how are superpower dynamics shifting? How is impossible to find sharedambition in that shift? And how is impossible to, as thepeople in power, frankly, and historically benefitingfrom the systems in place, how can we participatein building bridges, creating platforms and modeling dialogue and free speech thatmakes us painful? So, I’m in process. – Fair enough. I adoration the candor. Thank you for that. Our time is running out together. Are there any closing commentsthat he wishes to originate before we follow up with our agreement? – Well, thanks Mike and Robert, and it’s such a pleasureto be able to participate. If I left everyone with one conclude, it would be that the oil and gas industry has the opportunity ofall of our lifetimes to seize the numerou levelsof disruption underway, take that empty space of concern and disorientation and articulate how we are going tocreate the vitality future in partnership, inrelationship with the public and with diverse perspectives and with a generationthat’s coming into power.Our gift as the currentleaders of the industry must be to empower thedisruption that’s underway, to propel it into its success, and then to step back andsupport its ongoing progression. And that’s what I’ve committed myself to, as unpleasant as that is. Do I want to lead the charge? Do I want to be out front with the flag? Yes. That’s not what we’re called to do. We’re called to createa space for stoppage and leadership and aid it’s launch. So, that’s where I would like to leave it. – Thank you, Tisha. It’s clear that you’repassionate about what you do. You clearly adore what you do, and that’s a wonderfulthing to find in life. Thank you for your candor here today. For our viewers, Iwould like to remind you that this is an ongoing webcast sequence as part of the Energy Institute at the University of Oklahoma. For more informationabout future bouts, please visit the Energy Institute website. On behalf of the Energy Institute, the University of Oklahoma, baby boomers, and millennials, I’d like to thank everyonefor being with us today.I’d like to thank you, Tisha, including, for being willing to share your thoughts. I hope you observed it edifying and that you’ll proactivelycontinue to engage. Have a great day.( uplifting music ).

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