To some extent, Big Energy is responding to the challenges of climate change and peak oil:
Futures Forum: Climate change: businesses wake up to climate action
... although the questions remain as to how far they are overstating their case:
Futures Forum: Gas vs coal: overstating the case
... or how far their business model still stacks up:
Futures Forum: Overproduction and the end of Big Oil's business model
... or, indeed, how sincere they are in their pronouncements:
Futures Forum: "Exposing the futuristic fantasies deployed by the fossil-fuel companies"
One of the strongest arguments being put forward by Big Energy is that it offers 'affordable energy':
Futures Forum: "Abundant, cheap electricity has been the greatest source of human liberation in the 20th century."
... but not everyone agrees:
Futures Forum: "The disingenuous campaign to promote coal as the solution to energy poverty"
The argument has been put forward for some time now:
The Weekend Interview with John Watson: Oil Without Apologies - WSJ
The Energy Renaissance - Chevron
This is the latest comment from the Foundation for Economic Freedom:
The Poor Need Affordable Energy : The Freeman : Foundation for Economic Education