Chevron chief outlines policy

CHEVRON chairman and chief executive David J O’Reilly last night presented a blueprint for the future development of global energy policy.

Speaking at the annual dinner of Dublin Chambers of Commerce, Mr O’Reilly said: “I suggest that the best path forward is not to turn away from hydrocarbons — but to embrace more efficient and appropriate uses and to diversify into other energy sources as they become viable.

“If we use hydrocarbons appropriately — for their highest-value uses — we will extend their longevity while allowing a measured transition to other sources,” he said.