ConocoPhillips CEO Mulva Gets Blasted Over Cap-and-Trade

Dr. Tom Borelli of the Free Enterprise Action Fund challenges Jim Mulva about his support for cap-and-trade legislation at the 2009 annual shareholder meeting.

• Category

  News & Politics

[GreenCitySolar]

Borelli is using old data. Curent Cap-and-Trade systems in most states deal in megawatt hours of no-carbon based energies, not the less quantifiable tonnage of CO2. Mulva is saying that CoP wants to have a say in how to account for total lifecycle costs as carbon subsidies (not paying for carbon emmissions) are removed. Its the same desire of any subsidized industry transitioning out of a subsidy. Cap-and-Trade can be viewed as free enterprise.

[John Norcross]

Sounds like someone is basically using an investment fund for the sole purpose of getting access to forums like this to push his ideology. And that was a serious misrepresentation of Warren Buffett's investment relationship with ConocoPhillips.

[grimmjsb]

That's just great. People need to give these cap and trade fools a slap in the face and let people know what it will do. There's so many points of hypocrisy in the "fight" against global warming.