Zambian Economist Underscores Thunberg, Calls Defunding Energy Companies “Naive” and “Shortsighted”

Speaking to Yahoo at Davos, Zambian economist and Chevron board member Dambisa Moyo countered Greta Thunberg for vilifying energy companies by arguing energy companies are actively working on alternative energy sources including biofuels, water, and solar power.

Time’s “person of the year” Greta Thunberg had outlines the demands of “young climate activists” in a piece published by The Guardian ahead of her appearance at the Davos World Economic forum later this month.

Thunberg warned “young climate activists” and “school strikers” from around the world will be there to “put pressure” on CEOs, investors and policymakers.

Their demand? To end all investment in fossil fuel exploration and extraction immediately.

Thunberg makes it clear she is not interested in a gradual roll out of her program, she wants it implemented immediately “We don’t want these things done by 2050, 2030 or even 2021, we want this done now – as in right now.”

Yahoo reports Zambian economist Dambisa Moyo says energy companies are the key to solving climate change problems, adding that it is “infuriating” to see fossil fuel companies under criticism.

Moyo, a board member of Chevron Corporation (CVX), told Yahoo Finance that companies like Chevron are working on alternative energy sources like biofuels, water, and solar power.

“We have to rely on these companies because they are at the tip of the spear in terms of knowledge and expertise to help us find the answers,” Moyo said on the sidelines of the World Economic Forum in Davos, Switzerland.

“I think it’s very shortsighted and actually, dare I say it, naive for people to be campaigning for defunding these institutions that actually are really very knowledgeable around where we can potentially find solutions to the climate change crisis.”

Moyo’s comments underscore the ongoing debate at Davos over corporate responsibility in addressing climate change. Greta Thunberg, the 17-year-old Swedish activist, kicked off the World Economic Forum meeting on Tuesday with a speech demanding that companies stop investments in fossil fuel extraction and divest from fossil fuels entirely.