Energy Security and Climate Initiative

Dollar-denominated oil survived three years of rock-bottom prices and diverging economic fortunes between the United States and the producing countries. It is unlikely to change now that the industry is more flush with cash.

[On Donald Trump's comments on Nord Stream 2 at the UN General Assembly in September 2018] While Germany’s intake of fuel delivered by ship in the form of liquefied natural gas (LNG) is on the rise, what really matters is diversity and flexibility of supply. What he is saying is completely wrong.

[On President Trump's remarks at the U.N. General Assembly]  I can see some case for concern about excess dependence on Russian gas within the gas market....what matters is diversity and flexibility of supply.

Economic diversification in the Middle East is a real challenge, because the oil and gas industry is so productive, and it throws off so much income that it becomes difficult for other industries to compete with that.

[On the Global Climate Action Summit] I think that this summit’s been very useful. It’s a demonstration of activism, it’s a demonstration of will, it’s a demonstration of engagement by all sorts of sub-national players, and I think that’s all been tremendously useful. But, it doesn’t fill the gap of the absence of the United States at a national level. The US federal government can drive action all around the entire country, not just state-by-state.