He or she must be successful in economic terms, but always within an ethical framework. Whether his or her constituency is a corporation and its shareholders or the customers in a small and privately held business, his or her first responsibility is to serve that constituency.

I have a great deal of difficulty with those who live in a hugely prosperous country telling people in the developing world that they should be deprived of a critical source of energy.

It makes no sense to talk of the social obligations of the corporation without reference to its economic obligations. The two are intertwined.

It is the potential for economic growth that provides the basis for the development of countries, for bringing to people essential goods and services, such as water to drink and facilities for healthcare.

There is hardly an activity that a person can think about that does not intrinsically involve energy, most of which is currently provided by fossil fuels.

The market system requires that people be committed and willing to work hard. Inherent with that is what I call a merit system, which I think gives people the greatest opportunity.

It is important to remember that all business has an impact on the lives of real people.