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How a Houston Oilman Confounded Climate Activists and Made Billions - The Wall Street Journal

The Wall Street Journal · last updated

How a Houston Oilman Confounded Climate Activists and Made Billions - WSJ

HOUSTON, Texas—Climate activists and Wall Street are making it tougher for Big Oil to stay in the oil business. They’ve also helped make Jeffery Hildebrand a multibillionaire.

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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