Home / Knowledge / News / Textiles / Exxon Mobil urges for sound US energy policies
Exxon Mobil urges for sound US energy policies
12
Mar '14
U.S. energy sector employees can help accelerate economic growth and employment by supporting sound energy policies and education, job training and career development, said Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation.
 
“Pro-growth energy policies can spur our economy by opening access to American resources, enabling investment and innovation, and by advancing energy and infrastructure projects that employ millions of Americans,” Tillerson said in a speech at North America’s Building Trades Unions legislative conference in Washington, D.C.
 
Since the recession that began in late 2007, employment in oil and gas fields has increased 40 percent and in states where oil production is on the rise, overall employment growth has outpaced the rest of the United States.
 
“The oil and natural gas industry now supports 9.8 million jobs, and the average job in oil and gas production pays roughly seven times the federal minimum wage,” Tillerson said. “The U.S. energy sector now accounts for $1.2 trillion of the U.S. economy – equal to 8 percent of our gross domestic product. And thanks to technological breakthroughs and visionary projects, in 2013 our nation became the world’s leading producer of energy from oil and natural gas.”
 
U.S. energy workers, through the leaders and members of American unions, can help convey the reasons why access to the country’s energy resources and expansion of its energy infrastructure is so important, said Tillerson.
 
With sound energy policies, the U.S. could see up to 452,000 new jobs created by 2035 through liquefied natural gas exports, according to a recent study. Some 500,000 new jobs supported by new oil sands development could come within 20 years and in oil and gas exploration and production alone, 166,000 jobs for African American and Hispanic workers could be generated between 2010 and 2020, the study shows.
 
Among the challenges faced by the United States is an aging workforce and retirement of baby boomers. Tillerson said the energy industry and the building trades unions need to work together in the years ahead to find a way to replace skilled workers, including scientists, engineers, electricians, welders and technicians.
 
“Whether you work at ExxonMobil or for the building trades, we share the same desire for America’s future: We want the safest, best-trained and best-qualified workforce in the world,” Tillerson said. “Today’s unions can help tomorrow’s workforce by communicating the urgency of action and the need to be fast and flexible in the modern global marketplace.”
 
In many ways, he said, the old training model should be updated for today’s realities. In the old paradigm, before a trainee even started training, these programs sought businesses to commit to hiring individuals after training.
 
“In industry, we recognize and appreciate that this training is often strong, but given global, economic and regulatory uncertainty, it is simply impossible for us to commit to such hiring years in advance,” Tillerson said. “For this reason, workers need a new model. By building on our frank and open dialogue, we can build one worthy of 21st century challenges.”

Exxon Mobil Corporation


Must ReadView All

EU, Japan finalise Economic Partnership Agreement

Textiles | On 18th Dec 2017

EU, Japan finalise Economic Partnership Agreement

Building on the political agreement reached in principle during the...

WTO, ITC launch cotton portal to enhance transparency

Textiles | On 18th Dec 2017

WTO, ITC launch cotton portal to enhance transparency

The World Trade Organisation (WTO) and the International Trade Centre ...

India much behind China in containerised cargo capacity

Textiles | On 18th Dec 2017

India much behind China in containerised cargo capacity

India’s total containerised cargo capacity of 8.75 million...

Interviews View All

Karel Williams
Dow Microbial Control

'Silvadur is most rapidly adopted in areas where hygiene-conscious and...

Smarth Bansal
Colorjet India Limited

We would like to venture more companies into the Indian market

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Sugandha Bhardwaj

<div>New Delhi-based Brinjal Designs Pvt Ltd manufactures home furnishing...

Ravindra Jain, Ashish Baid

Oswal Prints Private Limited has been manufacturing and exporting ethnic...

Rikesh Mistry

Jupiter Comtex Pvt Ltd, established in 1973, started its textile machinery ...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

December 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
68.1%
No
13.8%
Skip
18.1%

Total Votes: 94

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
62.8%
No
29.8%
Skip
7.4%

Total Votes: 94

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.2%
No
9.6%
Skip
3.2%

Total Votes: 94

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
81.9%
No
8.5%
Skip
9.6%

Total Votes: 94


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search