ConocoPhillips, BP, Caterpillar to Quit Climate Group (Update4)

ConocoPhillips, BP, Caterpillar to Quit Climate Group (Update4)

www.businessweek.com

Feb. 16 (Bloomberg) -- ConocoPhillips, BP Plc and Caterpillar Inc. won’t renew their memberships in the U.S. Climate Action Partnership, a coalition of companies and environmental groups seeking legislation to reduce greenhouse- gas emissions.
Proposals in the U.S. Congress “unfairly penalized” domestic refineries, ConocoPhillips Chief Executive Officer Jim Mulva said today in a statement. The role of natural gas in lowering greenhouse-gas emissions has been ignored, he said.
“We believe greater

(visit the link for the full news article)

I am starting to wonder if some of the bigger companies are seeing the cracks in the global warming/climate change theory, as more and more evidence seems to be coming from that direction of more lies and "unfortunate mistakes " like the Glaciers melting by 2035, which was not even true let alone peer reviewed, and if things like this are making people sit up and think, after all its all about the money and how much its not only going to cost the economy of the world mainly the US and the UK and Europe. And also in light of the fact that some of the MSM are picking up on it now.

www.businessweek.com
(visit the link for the full news article)

Did you even read the article? They said they were being "“unfairly penalized”"by newer legislation. Further down it says:

BP remains committed to achieving climate-change legislation in the U.S., said Ronnie Chappell, a company spokesman. The London-based company believes it can be “more effective” in the climate debate as a single entity, not part of a larger group, he said.

Caterpillar “decided to direct our resources toward the commercialization of technologies that will promote and provide sustainable development and reduce carbon emissions

Caterpillar’s support for the FutureGen Alliance, which seeks to build a coal-fired power plant in Illinois with near-zero emissions

ConocoPhillips is working on other approaches to put a cost on carbon-dioxide emissions

Seems like they don't have a problem with their knowledge of global warming after all. Are you trying to mislead people with your post?

reply to post by Whyhi


I have no intention to mislead anyone, i see it as they are moving away from the band wagon so to speak and going it alone, and i personally think thats because they fear what could happen when the crap does hit the fan. They can at least say the got out of it because they didn't believe a word of it, in their own self defence. Thats is the point i was trying to make, They know as well as many others do that Global warming is a farce and IMHO they are playing safe.

Since there has been no Global Warming since 1995, this makes perfect sense!

I wonder what algore thinks about this? algore? algore? Where is algore anyway?

Originally posted by Whyhi

BP remains committed to achieving climate-change legislation in the U.S., said Ronnie Chappell, a company spokesman. The London-based company believes it can be “more effective” in the climate debate as a single entity, not part of a larger group, he said.

Caterpillar “decided to direct our resources toward the commercialization of technologies that will promote and provide sustainable development and reduce carbon emissions

Caterpillar’s support for the FutureGen Alliance, which seeks to build a coal-fired power plant in Illinois with near-zero emissions

ConocoPhillips is working on other approaches to put a cost on carbon-dioxide emissions

And look what happened on the back of those decisions:

"ConocoPhillips rose $1.25, or 2.6 percent, to $49.92 at 4:15 p.m. in New York Stock Exchange composite trading. Caterpillar climbed 92 cents, or 1.6 percent, to $57.12. BP rose 12.9 pence, or 2.2 percent, to 588.2 pence in London trading."

The only decisions this corporations ever make is based on profit.

The terms "working on ... seeks to ... and, I paraphrase, "redirecting our resources elsewhere" ... means that the U.S. Climate Action Partnership was not profitable for these companies ... it has nothing to do with if this group was effective at reducing carbon emissions or developing green technologies.

reply to post by Carseller4


He’s probably still digging his electric car out of a snow drift.

reply to post by murfdog


Very nicely done ...

On another note, I think I will refer to algore like this in the future as well ... thanks Carseller ...

Although algore is not the topic here!!!

But it would be nice to hear some comments from him when things like this in the OP happen, considering he started the whole business ...

Somebody posted this earlier, but it is pertinent.
your next dinner party, here are some of the latest talking points to bring up when someone reminds you that Al Gore and the U.N. Intergovernmental Panel on Climate Change won Nobel prizes for their work on global warming.

ClimateGate – This scandal began the latest round of revelations when thousands of leaked documents from Britain's East Anglia Climate Research Unit showed systematic suppression and discrediting of climate skeptics' views and discarding of temperature data, suggesting a bias for making the case for warming. Why do such a thing if, as global warming defenders contend, the "science is settled?"

FOIGate – The British government has since determined someone at East Anglia committed a crime by refusing to release global warming documents sought in 95 Freedom of Information Act requests. The CRU is one of three international agencies compiling global temperature data. If their stuff's so solid, why the secrecy?

ChinaGate – An investigation by the U.K.'s left-leaning Guardian newspaper found evidence that Chinese weather station measurements not only were seriously flawed, but couldn't be located. "Where exactly are 42 weather monitoring stations in remote parts of rural China?" the paper asked. The paper's investigation also couldn't find corroboration of what Chinese scientists turned over to American scientists, leaving unanswered, "how much of the warming seen in recent decades is due to the local effects of spreading cities, rather than global warming?" The Guardian contends that researchers covered up the missing data for years.

HimalayaGate – An Indian climate official admitted in January that, as lead author of the IPCC's Asian report, he intentionally exaggerated when claiming Himalayan glaciers would melt away by 2035 in order to prod governments into action. This fraudulent claim was not based on scientific research or peer-reviewed. Instead it was originally advanced by a researcher, since hired by a global warming research organization, who later admitted it was "speculation" lifted from a popular magazine. This political, not scientific, motivation at least got some researcher funded.

More gates...
www.ocregister.com...