ConocoPhillips CEO Mulva Gets Blasted Over Cap-and-Trade
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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.
GreenCitySolar 1 year ago
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.
jnorcr 2 years ago
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.
grimmjsb 2 years ago