Conoco, BP, Caterpillar Drop Out Of Cap-And-Trade Alliance

IBD's Capital Hill ^ | 2/16/2010 | Ed Carson

[Slyscribe]

Here's another sign of the shifting political winds on global warming: ConocoPhillips (COP), BP (BP) and Caterpillar (CAT) have decided not to renew their membership in the U.S. Climate Action Partnership, a broad alliance of corporations and environmentalists supporting cap-and-trade legislation. “House climate legislation and Senate proposals to date have disadvantaged the transportation sector and its consumers, left domestic refineries unfairly penalized versus international competition, and ignored the critical role that natural gas can play

[Slyscribe]

Big industrial/energy firms no longer think cap-and-trade is inevitable, so they don't need to play along to shape legislation.

[precisionshootist]

They should have been smart enough not to play along in the first place!!

[WOBBLY BOB]

Playing along would be like continuing to pay protection money to Al Capone.

He’s dead ,Jim.

[left that other site]

Ha HA!

[hinckley buzzard]

This rests on the determination that the exposure of the fraudulent IPCC reports will cripple the political coup attempt by socialist green weenies and thus buying protection from them will no longer be necessary.

[DoughtyOne]

We’re doomed... waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa...

[TChris]

They should have been smart enough not to play along in the first place!!

Some times you have to do what it takes to survive, whether as a person or as a company. Those companies decided it was better to play along than disappear.

I can sympathize that.

[TChris]

+with

[Gator113]

Every time Obama fails, Another Angel Gets Its Wings.

[Zathras]

I suspect they never thought it was a good idea.
They were probably covering their back against law suits.

[swheats]

It’s like the chains are falling away. Company’s can now dream and re-vision again for success in the marketplace.

God bless America! \o/

[swheats]

We all did to a degree. We believed the scientists and experts. Fooled us once. Shame on them.

[Donald Rumsfeld Fan]

Here's another sign of the shifting political winds on global warming:

Click on Image
He's Dead Jim">

[DoughtyOne]

It’s gotten so bad under Obama, that every time he fails, another angel’s life is spared.

[swheats]

LOL I like it.

[GeronL]

More and more good news by the day

[precisionshootist]

I agree they should be focused on thier survival but that includes opposing crap like this with every once of energy. “playing along” only means a short term advantage but an eventual slow death. Wake up corporate America. Stand up for capitalism or die.

[TChris]

Wake up corporate America. Stand up for capitalism or die.

Agreed.

[Republic of Texas]

I guess they decided they’d rather stay in business.

[Osage Orange]

Wow...we almost said this at the exact time. But on different threads...about the same thing. Ha!!

To: Cicero

Agreed..........

21 posted on Tuesday, February 16, 2010 2:03:51 PM by Osage Orange (A fear of weapons is a sign of retarded sexual and emotional maturity. - Sigmund Freud) [ Post Reply | Private Reply | To 20 | View Replies | Report Abuse]