Exxon disavows global warming denial, endorses emissions cap and trade


“Exxon says it never doubted climate change threat,” Reuters reported. “Oil company Exxon Mobil Corp. never in the past decade doubted the risk from climate change, its global spokesman Kenneth Cohen said on Thursday, in a latest attempt to improve its green credentials. Exxon had simply firmed up, or ‘evolved,’ its understanding of the threat, said Cohen…The world’s most profitable company now accepted that a U.S. climate policy was inevitable….‘We’re very much not a denier, very much at the table with our sleeves rolled up,’ Cohen told reporters…,‘We lean more towards an upstream cap and trade with a price protector, or a carbon tax.’” Thus, Exxon spins its way to a seat at the table.

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