U-turn by Exxon

April 26, 2007 · Filed Under news 

Exxon Mobil is the world’s most profitable corporation and also the most valuable. It has a market value of about $425 billion and in 2006 made more profit then any company in history-almost $40 billion. There has recently been an about-turn in its comments on climate change that should be noted by those who are still sceptical. This April Fortune magazine said, “Public documents show that Exxon has long given money to organizations that publish papers, run websites, and write letters that global warming isn’t happening, isn’t proven, or isn’t connected to human activity. The company recently stopped funding some of these outfits.

In Febuary, however, CEO Rex Tillersen said at an energy conference, “We know our climate is changing, the average temperature of the Earth is rising, and greenhouse-gas emissions are increasing.”

Companies like Exxon, greedy for ever more profit, have probably lost the world several crucial years in the fight against climate change.

Tags:

Comments

Leave a Reply