Bowing to the Inevitable
Nov 25th, 2006 at 8:57 am by Susie
I thought they said it would “devastate the economy” if they had to deal with global warming. Guess they were wrong, huh:
“We have to deal with greenhouse gases,” John Hofmeister, president of Shell Oil Co., said in a recent speech at the National Press Club. “From Shell’s point of view, the debate is over. When 98 percent of scientists agree, who is Shell to say, ‘Let’s debate the science’?”
Hofmeister and other top energy company leaders, such as Duke Energy Corp.’s chief executive, James E. Rogers, back a proposal that would cap greenhouse gas emissions and allow firms to trade their quotas.
Paul M. Anderson, Duke Energy’s chairman and a member of the president’s Council of Advisors on Science and Technology, favors a tax on emissions of carbon dioxide, the most prevalent greenhouse gas. His firm is the nation’s third-largest burner of coal.
Exxon Mobil Corp., the highest-profile corporate skeptic about global warming, said in September that it was considering ending its funding of a think tank that has sought to cast doubts on climate change. And on Nov. 2, the company announced that it will contribute more than $1.25 million to a European Union study on how to store carbon dioxide in natural gas fields in the Norwegian North Sea, Algeria and Germany.
