NY Times: Oil Industry Ready to Work (with President Obama) on Global Warming

[OKIsItJustMe]

http://www.nytimes.com/2009/02/12/science/earth/12oil.html?ref=business

Oil Industry Ready to Work on Global Warming

By CLIFFORD KRAUSS and JAD MOUAWAD
Published: February 11, 2009

HOUSTON — Confronted with a sharp change of priorities in Washington, international oil executives are expressing an eagerness to work with President Obama to fashion new policies to tackle global warming.

At an industry conference here this week, 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.

At the same time, they declared that the country would still need oil for a long time, and sought to persuade the new administration of the need for more drilling off the nation’s coasts.

On tackling global warming, a subject that has long divided the industry, 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.

…

[rocktivity]

1. TRANSLATION: Oil Industry Terrified that Obama will hit them

with a windfall profits tax.

:headbang:
rocktivity

[wtmusic]

2. "Thanks for your offer, but actually we wanted to REDUCE global warming..."

:rofl:

Too funny