Conoco Calls For Emissions Cap

First American oil company to support nationwide ceiling
By Heather McPherson,  Newser User
Posted Apr 11, 2007 1:15 PM CDT

ConocoPhillips is the first American oil company to advocate a U.S. emissions cap, positioning itself to help shape potential federal legislation. Acknowledging that fossil fuels contribute to global warming, the company joined a group of corporations drawing up a plan for a nationwide ceiling.

The industry group—the U.S. Climate Action Partnership—is predicated on the conviction that federal legislation will be easier and cheaper to navigate than a hodgepodge of local rules. Conoco's CEO Jim Mulva also told the Journal that a broad U.S. cap would make it easier to forge "linkages" with the developing world, where emissions credits are cheaper. (More global warming stories.)

Get the news faster.
Tap to install our app.
X
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.

X