ConocoPhillips supports mandatory limits on green house gas

Friday, April 13, 2007

According to USA Today, "As recently as January, the head of ConocoPhillips opposed mandatory caps on greenhouse gas emissions." Apparently, ConocoPhillips has seen the carbon. From a press release on ConocoPhillips' Web site:

HOUSTON, April 11, 2007 --- ConocoPhillips [NYSE:COP] today announced its support for a mandatory national framework to address greenhouse gas emissions and has joined the U.S. Climate Action Partnership (USCAP), a business-environmental leadership group dedicated to the quick enactment of strong national legislation to require significant reductions of greenhouse gas emissions.

“We recognize that human activity, including the burning of fossil fuels, is contributing to increased concentrations of greenhouse gases in the atmosphere that can lead to adverse changes in global climate,” said Jim Mulva, chairman and chief executive officer. “While we believe no one entity can alone address the environmental, economic and technological issues inherent in any solution, ConocoPhillips will show leadership in finding pragmatic and sustainable solutions.