Thanks to Obama, Big Oil Shifts on Global Warming
Confronted with a sharp change of priorities in Washington, international oil executives are expressing an eagerness to work with President Barack Obama to fashion new policies to tackle global warming.
At an industry conference recently, the executives struck a conciliatory tone on how to limit the emissions that are contributing to climate change, with many of them sounding like budding conservationists as they stressed energy efficiency and the need to develop renewable fuels.
On tackling global warming, some executives said they supported a tax on carbon, while others favored a trading system like the one adopted by Europe. Almost all of them seemed reconciled to the United States' adopting some kind of climate policy and said they were eager to work with the new administration to devise an effective energy strategy.
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At an industry conference recently, the executives struck a conciliatory tone on how to limit the emissions that are contributing to climate change, with many of them sounding like budding conservationists as they stressed energy efficiency and the need to develop renewable fuels.
On tackling global warming, some executives said they supported a tax on carbon, while others favored a trading system like the one adopted by Europe. Almost all of them seemed reconciled to the United States' adopting some kind of climate policy and said they were eager to work with the new administration to devise an effective energy strategy.
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11:02 PM
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