[On potential attempts by China and India to set up a trading bloc to buy Iranian oil without going through U.S. banks] This is a tricky thing for us. Mechanisms that move away from pricing oil in U.S. dollars is really not the best for us in the long run.
[On Iranian oil sanctions] But I also do not think Iran will be able to export 'as much crude as it needs and wishes.' Some will be willing and able to work around the U.S. sanctions, particularly in China where some banks are already under U.S. sanctions. But Iran will not be able to export as much oil as it is now – the penalty for those importing is likely to be too great.
[On the Trump administration's decision to lift waivers on Iranian oil importers] Oil markets today seem to be torn between opposing sentiments - concern about tight supply with the situations in Venezuela and Libya plus the end of waivers for purchases from Iran, and concern about the possibility of slowing economic growth and resulting slowing oil demand. The Iran sanctions announcement certainly increases concern about the first factor.
[In reaction to Donald Trump Jr's tweet on air pollution and the relationship between pollution and socioeconomic status] It’s been well established that poorer folks and minority communities tend to live in areas that are more polluted. This isn't particularly new. [The tweet] contradicts what we know, and it's based in ignorance.
[On India's renewable energy capacity goals] [This] target implies annual growth of 25 percent — a targeted buildout rate even faster than China’s, which is widely seen as the world’s leader in deploying renewable energy.
[On a Trump administration event on coal on the margins of the COP 24 climate negotiations in Katowice, Poland] It’s difficult for me to say how much a difference it will make in the negotiating room. They are doing some unhelpful things around the edges.
[On COP 24 U.N. climate negotiations and the Paris "Rulebook"] There’s also the issue of checking up on each country’s measurements. Before the Paris agreement, China was considered a “developing” nation subject to less-stringent reporting requirements. That changed after 2015. What will the reporting requirements be and how will they be verified? That’s what the negotiators will be duking out in Poland. I’m curious to see how far they get.
[On the state of mulilateralism in the world today, and its effects on energy and climate issues] The global political environment is really challenging right now, with nationalism taking hold in many countries.
[On U.S. role in climate leadership, in run-up to COP 24] It is an almost complete abdication. We have really, really dropped out of our leadership position. If we don't lead, who does? It's not clear who that's going to be and if anyone will fill that role.