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Conoco, BP, Caterpillar Drop Out Of Cap-And-Trade Alliance
IBD's Capital Hill ^ | 2/16/2010 | Ed Carson

Posted on 02/16/2010 11:49:38 AM PST by 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

(Excerpt) Read more at blogs.investors.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events; Politics/Elections
KEYWORDS: 111th; capandtrade; climate; conocophillips; energy; fraud; jobs; nevermind; nuclear
Big industrial/energy firms no longer think cap-and-trade is inevitable, so they don't need to play along to shape legislation.
1 posted on 02/16/2010 11:49:39 AM PST by Slyscribe
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To: Slyscribe

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


2 posted on 02/16/2010 11:53:07 AM PST by precisionshootist
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To: precisionshootist

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

He’s dead ,Jim.


3 posted on 02/16/2010 11:54:33 AM PST by WOBBLY BOB (ACORN:American Corruption for Obama Right Now)
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To: Slyscribe

Ha HA!


4 posted on 02/16/2010 11:55:20 AM PST by left that other site (Your Mi'KMaq Paddy Whacky Bass Playing Biker Buddy)
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To: Slyscribe
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.
5 posted on 02/16/2010 11:55:39 AM PST by hinckley buzzard
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To: Slyscribe

We’re doomed... waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa...


6 posted on 02/16/2010 11:55:47 AM PST by DoughtyOne (God, Family, Friends, Home, Town, State, the U.S., Conservatism, Free Republic & a dollar a day...)
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To: precisionshootist
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.

7 posted on 02/16/2010 11:55:56 AM PST by TChris ("Hello", the politician lied.)
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To: TChris

+with


8 posted on 02/16/2010 11:56:08 AM PST by TChris ("Hello", the politician lied.)
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To: Slyscribe

Every time Obama fails, Another Angel Gets Its Wings.


9 posted on 02/16/2010 11:57:28 AM PST by Gator113 (Obama is America's First FAILED "light skinned African American [Pres-dent] with no Negro dialect..")
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To: Slyscribe

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


10 posted on 02/16/2010 11:59:12 AM PST by Zathras
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To: Slyscribe

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/


11 posted on 02/16/2010 11:59:29 AM PST by swheats (America! America! God mend thine every flaw, Confirm thy soul in self-control, Thy liberty in law!)
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To: precisionshootist

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


12 posted on 02/16/2010 12:00:37 PM PST by swheats (America! America! God mend thine every flaw, Confirm thy soul in self-control, Thy liberty in law!)
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To: Slyscribe
Here's another sign of the shifting political winds on global warming:

Click on Image
He's Dead Jim">

13 posted on 02/16/2010 12:01:05 PM PST by Donald Rumsfeld Fan (Sarah Palin "the Thrilla from Wasilla")
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To: Gator113

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


14 posted on 02/16/2010 12:01:25 PM PST by DoughtyOne (God, Family, Friends, Home, Town, State, the U.S., Conservatism, Free Republic & a dollar a day...)
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To: Gator113

LOL I like it.


15 posted on 02/16/2010 12:01:49 PM PST by swheats (America! America! God mend thine every flaw, Confirm thy soul in self-control, Thy liberty in law!)
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To: Slyscribe

More and more good news by the day


16 posted on 02/16/2010 12:01:54 PM PST by GeronL (Dignity is earned from yourself. Respect is earned from others.)
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To: TChris

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.


17 posted on 02/16/2010 12:02:21 PM PST by precisionshootist
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To: precisionshootist
Wake up corporate America. Stand up for capitalism or die.

Agreed.

18 posted on 02/16/2010 12:03:48 PM PST by TChris ("Hello", the politician lied.)
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To: Slyscribe

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


19 posted on 02/16/2010 12:04:02 PM PST by Republic of Texas (Socialism Always Fails)
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To: TChris
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]

20 posted on 02/16/2010 12:05:52 PM PST by Osage Orange (A fear of weapons is a sign of retarded sexual and emotional maturity. - Sigmund Freud)
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To: TChris

http://www.freerepublic.com/focus/news/2452638/posts?page=21#21


21 posted on 02/16/2010 12:07:07 PM PST by Osage Orange (A fear of weapons is a sign of retarded sexual and emotional maturity. - Sigmund Freud)
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To: Osage Orange
Wow...we almost said this at the exact time. But on different threads...about the same thing. Ha!!

Yes. Great minds and all that... ;-)

22 posted on 02/16/2010 12:07:16 PM PST by TChris ("Hello", the politician lied.)
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To: TChris

Fighting is always an option.


23 posted on 02/16/2010 12:07:32 PM PST by all the best
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To: Slyscribe

Lindsey Graham will be crying in John Kerry’s lap.

Both could see $$ signs in their eyes. Both now see them slipping away.


24 posted on 02/16/2010 12:08:18 PM PST by TomGuy
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To: Slyscribe

BP and CONOCO have finally realized that the fascist relationship that they were trying to build with the left is not going to work out. WA state is attempting to pass a new tax on oil refineries, allegedly to compensate for the pollution that consumers of petroleum products do to the water. BP had been acting as the industry spokesperson, kowtowing to the enviro nazis and the state, cooperating with regulations on everyone but themselves. Now, that global warming has been proven a fraud, and the relentless war against carbon is still pushing forward, BP and CONOCO are starting to fight.


25 posted on 02/16/2010 12:08:36 PM PST by Eva (Obama bin Lyin)
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To: TChris

I can sympathize that.

I can’t. There is a big difference between going along because it the law and working to have the cap and tax created.

I understand they wanted to be in on the ground floor.How cynical. But they were wrong and should have known it.
Now if Duke Energy will belatedly wake up and feel the chill, maybe they can talk Lindsey Graham out of his green stupor.


26 posted on 02/16/2010 12:09:07 PM PST by Adder (Proudly ignoring Zero since 1-20-09! WTFU!)
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To: all the best
Fighting is always an option.

Yes, and the two are not mutually exclusive either.

You can fight and make what appear to be necessary preparations for other contingencies.

27 posted on 02/16/2010 12:09:07 PM PST by TChris ("Hello", the politician lied.)
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To: TChris
Some times you have to do what it takes to survive, whether as a person or as a company.

Yeah, like I.G. Farben.
28 posted on 02/16/2010 12:09:10 PM PST by SpaceBar
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To: Slyscribe

They were only involved to make sure they didn’t get totally screwed.

Don’t worry though - am sure GE and Goldman Sachs will pay up to keep the global warming propoganda flowing.


29 posted on 02/16/2010 12:09:18 PM PST by PGR88
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To: PGR88

GE wants to sell more of those expensive CFL bulbs.

That better be one of the first laws repealed having to do with global warming.


30 posted on 02/16/2010 12:10:20 PM PST by MrB (The difference between a humanist and a Satanist is that the latter knows who he's working for.)
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To: SpaceBar
Yeah, like I.G. Farben.

The comparison is reasonable, but still pretty heavily unbalanced at this stage.

31 posted on 02/16/2010 12:10:41 PM PST by TChris ("Hello", the politician lied.)
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To: TChris

Yeah....of course.


32 posted on 02/16/2010 12:11:51 PM PST by Osage Orange (A fear of weapons is a sign of retarded sexual and emotional maturity. - Sigmund Freud)
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To: TChris

Personally, I can’t sympathize with fascism and I do my best to avoid doing business with any company that crawls into bed with the government to try and lobby for MY cost of living to increase. I hope every one of them goes down in flames. I hope that the government they saw fit to team up with rips them apart with the same fascist tactics these companies wanted to use against the citizens of this country.


33 posted on 02/16/2010 12:12:01 PM PST by perfect_rovian_storm (The worst is behind us. Unfortunately it is really well endowed.)
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To: Slyscribe

WOO HOO this is great news!


34 posted on 02/16/2010 12:15:19 PM PST by NEMDF
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To: perfect_rovian_storm
Personally, I can’t sympathize with fascism and I do my best to avoid doing business with any company that crawls into bed with the government to try and lobby for MY cost of living to increase.

Do you obey the law?

...even the ones you disagree with?

I think these companies probably worked the "send in the lobbiests and prepare for the worst" approach. I don't see what they did as any type of "sellout" whatsoever.

Do you own stock in any of these companies? I'm guessing you'd want them to figure out a way to protect your investment if you do.

Why is it that anything less than running all-out, screaming into an immovable brick wall is somehow less than patriotic to some folks? ...at least when judging the decisions of others.

I say fight smart and fight the right battles, else you'll be out of ammunition or even out of the fight entirely.

35 posted on 02/16/2010 12:17:43 PM PST by TChris ("Hello", the politician lied.)
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To: MrB

GE CEO: “We are all Democrats Now”
http://www.economicpolicyjournal.com/2009/11/ge-ceo-we-are-all-democrats-now.html

GE To Make BILLIONS From Obama Cap and Trade Scheme

http://boycottgemsnbc.weebly.com/


36 posted on 02/16/2010 12:21:20 PM PST by WOBBLY BOB (ACORN:American Corruption for Obama Right Now)
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To: WOBBLY BOB

Some folks need to be made to eat those cfls...


37 posted on 02/16/2010 12:25:53 PM PST by MrB (The difference between a humanist and a Satanist is that the latter knows who he's working for.)
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To: Slyscribe

how about: “RECENT NEWS HAS SHOWN THE GLOBAL WARMING FRENZY TO BE A FRAUD”

This legislation “disadvantages” everyone...


38 posted on 02/16/2010 12:31:58 PM PST by Mr. K (This administration IS WEARING OUT MY CAPSLOCK KEY!)
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To: TChris
Do you obey the law? ...even the ones you disagree with?

That's quite a tiresome lack of logic there, TChris.

Do you go out and lobby for laws that you disagree with before they are even passed? Do you just figure that laws you disagree with are a foregone conclusion and crawl into bed with the government to make your position under those laws better than your fellow citizens, your country and those fellow citizens be damned?

If I owned stock in any of these corrupt companies, I'd have sold it the moment I saw their idiot leadership making the moronic mistake of trying to crawl into bed with the most fickle of bedfellows: GOVERNMENT.

Don't look now, but the reason your argument is so bad is because you are defending the indefensible.

39 posted on 02/16/2010 12:33:16 PM PST by perfect_rovian_storm (The worst is behind us. Unfortunately it is really well endowed.)
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To: Gator113

LOL! Good one!


40 posted on 02/16/2010 12:33:36 PM PST by Tallguy ("The sh- t's chess, it ain't checkers!" -- Alonzo (Denzel Washington) in "Training Day")
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To: WOBBLY BOB
Might as well cut to the chase and show exactly what sort of political alliances GE has made over the years...

General Electric Funds Hitler
41 posted on 02/16/2010 12:34:59 PM PST by SpaceBar
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To: perfect_rovian_storm
That's quite a tiresome lack of logic there, TChris.

Take a closer look at what the companies actually did and said. I do NOT think they were gunning for Cap-and-Trade, else why make this announcement? If they want C&T, why aren't they supporting it now?

They were clearly doing everything they could to put themselves in a position to have as much influence as possible in the process. Being in the room and on the committee lets you have input, but screaming and fighting usually does not.

These companies are not fascist traitors, but pragmatic businesses who were working on damage control.

There are enemies of capitalism out there, but Conoco, BP and Caterpillar are not them.

42 posted on 02/16/2010 12:38:36 PM PST by TChris ("Hello", the politician lied.)
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To: Slyscribe; markomalley; Carlucci; grey_whiskers; meyer; WL-law; Para-Ord.45; Desdemona; ...
 


Beam me to Planet Gore !

43 posted on 02/16/2010 3:48:02 PM PST by steelyourfaith (FReepers were opposed to Obama even before it was cool to be against Obama.)
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To: TChris

I’ll give you that they aren’t GE, but I don’t buy that they are innocent victims just looking out for themselves either.

They did a gutless thing. Instead of using money to educate or advocate for sensible policies, they acquiesced and sold both themselves and the American people down the river. They got into bed with the very thugs that were looking to destroy them.

It’s nice that some have awakened from their Kool-Aid-Induced coma, but pardon me if I don’t congratulate them for it.


44 posted on 02/17/2010 8:42:59 AM PST by perfect_rovian_storm (The worst is behind us. Unfortunately it is really well endowed.)
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