Exxon chief calls for Kyoto reality check

[cal04]

We know who really needs the reality check not a profit check)

The head of ExxonMobil, the world's biggest oil company, has warned Europe that "a reality check" is needed over its commitment to the Kyoto treaty on climate change.Lee R Raymond, the chairman and chief executive, caused outrage among environmentalists with his comments, given in a speech in London to an oil industry gathering. He declared that the targets to reduce greenhouse gas emissions set by Europe, which is leading the world in the implementation of Kyoto, would prove very difficult to achieve.

Mr Raymond also took a swipe at the British Government's tax policy for North Sea operators. Exxon extracts 15 per cent of the oil and gas supplied from the UK continental shelf in the North Sea. Speaking at a dinner on Wednesday night at the Grosvenor House Hotel in London, to mark the International Petroleum Week conference organised by the Energy Institute, a trade body, Mr Raymond said the UK's tax and regulatory regimes needed to be more competitive. He said the costs of operating in the UK continental shelf were among the highest in the world.

"We have only to look back to the tax changes made in the UK North Sea in 2002 to see the interruption that subsequently took place in exploration."


Exxon, which also trades as Esso in this country, has never accepted the mainstream science on global warming that led to the signing of the Kyoto treaty in 1997. The company points to "uncertainties" in the science and funds a number of think tanks and academics that have questioned the research. The EU has committed itself to reducing greenhouse gas emissions, which are blamed for global warming, to 8 per cent below 1990 levels by 2012.


http://news.independent.co.uk/business/news/story.jsp?story=612200

[muriel_volestrangler]

1. Yeah, let's face it, ExxonMobil is dirt poor

I mean, it only spent $9.95 billion last year buying back its own stock, since it couldn't think of anything better to do with its money, like invest it in real long term development, such as renewable energy. No, much better to boost your own share price now. That way, your stock options look so much better ... The oil companies make record profits, and this guy has the nerve to complain that it's difficult to do further exploration?

[Coastie for Truth]

2. Gimme a break

---This is the freakin problem.

Big Oil and The Big Three own Congress (both parties) and the Executive Branch.

We would have no "green house gas" problem and no "Middle East" problem if we had a CAFE (corporate average fuel economy) of 35-36 mpg. And, it would not force every body into a Cooper Mini.

1. Aggressive use of the "Automotive Data Bus" (that's the thing that lights up the "check engine" lights and is the input to the terminal that the write up guy in the service department reads -- to coordinate the engine chips, the transmission chips, the brake chips -- a big step.

2. Digital valve lifters instead of the cam shaft -- run off of the Automotive Data Bus and talking to the Mixture and Emissions chips -- another big step.

3. Hybrids - and using braking to generate some electricity -- another big step.

But Big Oil and the Big Three fight it -- in Congress, in courts, in the press, in academia.

[One_Life_To_Give]

6. Wouldn't be enough

Increasing the Cafe to 35MPG would only reduce global oil consumption by about 5% or 4 million barrels per day. Enough to make gasoline cheap, but not enough to stop global warming.

1) What is the maximum speed on the Automotive Data Bus? I thought it was a Low Speed protocol.

2) Electromechanical Valve lifters have been talked about for a while. Has anyone implemented this on any engine yet? Indy, F1 maybe?


edit to correct reduction at 4 Million Barrels/day

[Coastie for Truth]

7. Not really

Caught your correction to 4,000,000 bbl/day. More like it.

I will answer your other two questions based on a Ford prototype that was displayed around the engineering schools in Michigan (from Michigan Tech all the way down to the renamed GMI in Flint, Oakland, Lawrence, Wayne, U of D, and U of M - both engineering campuses.

The prototype had a Tempo/Topaz platform, V6 engine, everything was computer controlled and digitized (including the valve lifters) and vehicle dynamics - with a 486 PC in the trunk. The 486 is a slow machine.

I drove the car from Sci Center in Dearborn up to Ann Arbor North Campus - and back. One way was Michigan Avenue, the other way was I-90.

I don't recall the exact mileage - but it was very good (in the high 30's to low 40's), and the emissions were clean.

[Blue_Tires]

3. bonus points if he was able to do that with a straight face

i bet if there was even some way for him to profit on it, he'd be at the FRONT of the kyoto line

[damntexdem]

4. For once, Exxon is correct: Kyoto does need a reality check:

it doesn't go nearly far enough to reduce greenhouse emissions.

[VegasWolf]

5. Let's call for a Cheney-Exxon reality check! n/t

[SomewhereOutThere424]

8. Yeah...

Exxon, the leading scientific environmental intelligence committee. Why? They know how to screw up the environment SO badly they obviously know what's best for it. :eyes: Maybe someone should remind them the reality of oil spills, and point out the recent ones happening in Alaska? But it won't hurt the environment, only kill it!

I think it's about time someone realizes the reality of listening to an oil company for environmental advice. You may as well approach Genghis Kahn for humanitarian aid.

[Pegleg Thd]

9. If they can't get all

of us in gas chambers they will create 'green house gasses' to exterminate all of us.:nuke:

[Piperay]

10. They better be careful because

they just might end up exterminating themselves too, stupid idiots.