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ESG & sustainabilityJanuary 5 2009

Wind of change : T Boone Pickens

Oil tycoon T Boone Pickens is investing billions in building the world’s largest wind farm in Texas, which in turn will free up natural gas for transportation and reduce US reliance on oil. Interview by Karen E Thuermer.
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Known to many as the ‘oracle of oil’ because of his uncanny ability to predict the direction of fuel prices, T Boone Pickens has a plan for the US. Having made billions from his investments and involvement in Dallas-based Mesa Petroleum, this Texas oil man is now on the warpath to build a home-grown sustainable energy industry in the US.

“We’ve never had an energy plan for the US,” says Mr Pickens. In his mind, it is imperative. If oil prices were maintained at $150 a barrel, the US would send $700bn out of the country in 2008 alone.

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