Skip to comments.Conoco, BP, Caterpillar Drop Out Of Cap-And-Trade Alliance
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 ...
They should have been smart enough not to play along in the first place!!
Playing along would be like continuing to pay protection money to Al Capone.
He’s dead ,Jim.
We’re doomed... waaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa...
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.
Every time Obama fails, Another Angel Gets Its Wings.
I suspect they never thought it was a good idea.
They were probably covering their back against law suits.
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/
We all did to a degree. We believed the scientists and experts. Fooled us once. Shame on them.
Click on Image
He's Dead Jim">
It’s gotten so bad under Obama, that every time he fails, another angel’s life is spared.
LOL I like it.
More and more good news by the day
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.
I guess they decided they’d rather stay in business.
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]
Yes. Great minds and all that... ;-)
Fighting is always an option.
Lindsey Graham will be crying in John Kerry’s lap.
Both could see $$ signs in their eyes. Both now see them slipping away.
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.
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.
Yes, and the two are not mutually exclusive either.
You can fight and make what appear to be necessary preparations for other contingencies.
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.
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.
The comparison is reasonable, but still pretty heavily unbalanced at this stage.
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.
WOO HOO this is great news!
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.
GE CEO: “We are all Democrats Now”
GE To Make BILLIONS From Obama Cap and Trade Scheme
Some folks need to be made to eat those cfls...
how about: “RECENT NEWS HAS SHOWN THE GLOBAL WARMING FRENZY TO BE A FRAUD”
This legislation “disadvantages” everyone...
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.
LOL! Good one!
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.
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.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.