Our energy system is changing, and the panelists discussed the ways their respective businesses are strategizing for it:
Trae Vassallo of the VC firm KPCB lamented, “"Private investors are spending more than government on this issue - that's a problem!" Forty percent of all of KPCB’s investments are going towards energy. Their “greentech” portfolio emphasizes three areas: Clean electricity, energy efficiency, and clean transportation.
“This isn’t going to be a winner-take-all energy market. There are going to be lots of solutions to the problem.”
Paul Siegele of Chevron believes we should focus on three areas: Supporting rational energy policies, expanding current supplies, and conserving natural resources:
“Global demand for oil is straining the energy system. The world’s not running out of oil, but there are accumulating risks to the ability to deliver the demand. The American public shouldn’t be asked to trade off prosperity to cut greenhouse gases or diversify the energy supply. It’s unreasonable to expect other countries to expand their access to energy for our needs when we restrict our own.”
Jackalyne Pfannenstiel of the California Energy Commission noted later in the discussion that
To clean up their energy system even further,
David Victor of Stanford said that there’s going to need to be a political strategy too, and that’s something