In The News
Inside Climate News
MIT CS3 faculty affiliate John Sterman discusses his AVID+ framework for evaluating carbon credits (Inside Climate News)
News and Outreach: John Sterman
News Release
MIT Sloan School of Management
At the MIT Sustainability Summit 2025, MIT Sloan Professor/CS3 faculty affiliate John Sterman stresses the need for “multisolving”—actions that cut emissions and help us adapt to the climate damage we have already caused. (MIT Sloan School of Management)
News Release
MIT Office of the Vice President for Energy and Climate
Components of the Environmental Solutions Initiative will become part of the Climate Project, CS3, Climate Policy Center and other MIT entities (MIT Office of the Vice President for Energy and Climate)
News Release
MIT Environmental Solutions Initiative
Founding Director Susan Solomon and other MIT CS3-affiliated researchers among key contributors (MIT Environmental Solutions Initiative)
News Release
MIT News
Can carbon trading systems reduce global emissions, or are they little more than greenwashing? Clear, enforceable standards may make the difference. (MIT News)
In The News
Washington Post
MIT's Noelle Selin and John Sterman comment on potential air quality and climate benefits (Washington Post)
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Associated Press
Joint Program founding Co-Director corrects U.S. president's misinterpretation of Paris Agreement
Around Campus
MIT News
MIT researchers focus on empathy, transparency, and empowerment at this year's United Nations Climate Change Conference
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MIT News
At UN Climate Change Conference, MIT researchers share insights on implementing climate commitments
Video
Professors Jake Jacoby, Valerie Karplus, Tom Malone, and John Sterman discussed their COP21 experiences on a panel moderated by MITEI Deputy Director Rob Stoner.
In The News
MIT News
MIT attendees of COP21 share experiences, perspectives on outcomes
In The News
Public Radio International
John Reilly interviewed on PRI's The World
Jason Margolis | PRI’s The World
If you’re in the oil business, you might think your best days are in the rear-view mirror. Oil is selling for rock-bottom prices. Your product is blamed for destroying the planet. And here’s what the leader of the free world thinks of oil.
“We’ve got to accelerate the transition away from old, dirtier energy sources. Rather than subsidize the past, we should invest in the future,” said President Obama during his recent State of the Union address.
To state the obvious though, if you’re an oil company, you produce oil. Energy economist John Reilly at the MIT Sloan School of Management says companies like ExxonMobil and Chevron are facing a classic business challenge.
“Could the horse and buggy manufacturers become automobile producers? Or is some other company going to because they’re more innovative, or not bound by what they’re already doing?" asks Reilly.
But before we pity the poor oil companies, remember, these are the richest companies in the world.
“Most of them have lots of cash. And so, if there’s a successful alternative, if they don’t develop it, they probably can acquire those companies and transition that way,” says Reilly.
. . .
Read the full article and hear the broadcast at Public Radio International’s The World.
Photo: Norwegian company Statoil plans to build the first floating wind farm off the Scottish coast. (Photo courtesy of Statoil)