Re: What are today's most important issues?
James Hackett was named President and Chief Executive Officer of the Company in December 2003, and Chairman of the Board of the Company in January 2006. Prior to joining the Company, Mr. Hackett was the Chief Operating Officer of Devon Energy Corporation from April 2003 to December 2003, following Devon's merger with Ocean Energy, Inc. Mr. Hackett was President and Chief Executive Officer of Ocean Energy, Inc. from March 1999 to April 2003 and was Chairman of the Board from January 2000 to April 2003. He served as Chief Executive Officer and President of Seagull Energy Corporation from September 1998 until March 1999 and as Chairman of the Board from January 1999 to March 1999 prior to its merger with Ocean Energy. He currently serves as a Director of Fluor Corporation and Halliburton, and serves as Chairman of the Federal Reserve Bank of Dallas.
Question: What are today’s most important issues?
Jim Hackett: Just make sure on global climate, they were talking about more than climate and that you understand what climate means, there is a great argument that global climate change which is become warmer is actually been a real positive we have less people freezing to death even though we have some that are dieing. Is that where the highest priority for our resources is at, or it is fighting malnutrition, malnutrition around the world or is it fighting Malaria around the world or HIV/Aids. If you gave me $200 billion to go spend over the next 10 years, global climate will be the last place I put that money, it would be in the malnutrition, it would be a in the Malaria, it would be in the HIV/Aids. That is what we need to decide as a world. It is sort like giving a new heart to a 90 year old, to give that new heart to a 10 year old or do you give it to a 90 year old? You got make choices because there are limited resources at the end of the day. If I am going to end up being taxed for $100 billion worth of cost, is a consumination of energy I want to make sure that those taxes go to best places as we can for the world’s wealth and health in welfare and I vote for doing that. I am the side of hunger and disease, way before I try to create, try to fight the fiction that I think has been hoist and it is about what Co2 is really doing and we have to absolutely educate ourselves just as I am doing right now about what is really causing the problem. Is it actually the warmth that globe cause Co2 to rise or is it Co2 causing the heat of the globe to go up and importantly, if it is going up because of man made machines is it all bad or is it actually arguably some what good, is the Artic actually melting because of the wind changes or because of Co2 is the Antarctic actually loosing 5% of its size in one part and growing on 95% more, make sure we get all the points of the story and then we don’t have special interest groups, lobbying groups whether it is the oil industry, whether it is the environmental movement, or whether it is politicians or other NGOs telling us how the world ought to work. Let’s get educated all of us on our own and get pass the rhetoric and actually make tough, tough economic choices based on what our heart says the world ought to go.
Recorded On: 3/24/08
How does climate change stack up against malnutrion?
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