Exxon Chief Cautions Against Rapid Action to Cut Carbon Emissions

[jpak]

http://www.nytimes.com/2007/02/14/business/14exxon.html?_r=1&ref=business&oref=slogin

HOUSTON, Feb. 13 — The chief executive of Exxon Mobil, Rex W. Tillerson, warned Tuesday that governments should not rush into policies that could damage the global economy in order to limit carbon emissions.

Rex W. Tillerson, Exxon Mobil’s chief executive, said in Houston yesterday that oil would remain a chief source of energy for years, but that strategies to address the risks of global warming were prudent.

In a speech at a major industry gathering, Mr. Tillerson acknowledged that the planet was warming while carbon dioxide levels were increasing, suggesting a more accommodating position than the hard-nosed stance Exxon had held.

But in the same speech, Mr. Tillerson, who leads the world’s largest publicly traded company, gave an unalloyed defense of the oil industry and predicted that hydrocarbons would dominate the world’s transportation as energy demand grows by an expected 40 percent by 2030.

There is no significant alternative to oil in coming decades and Exxon will continue to make oil and natural gas its primary products, he said.

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:.oldDUFUemoticonhere:

[mike_c]

1. I'm shocked, I tell you....

eom

[kestrel91316]

2. Does this asswipe really think there is no economic harm that

will arise out of unaddressed Global Warming???

[YankeyMCC]

3. As someone else posted in the GD thread on this story

"We must protect our phoney baloney jobs!"

[phantom power]

4. Well, every year Rex can keep this house of cards standing...

is another $100 million in his private Cayman island account.