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Showing posts from June, 2005

Big Oil's Paradigm Shift

George W. Bush doesn't believe in global warming... But whats interesting is the approach to environmental issues that big oil has taken. Less than a month ago I saw a commercial for BP which touted their movement toward more environmentally fuel. According to the advertisement, BP already sells low-sulfer gasoline in over 40 American cities, which releases fewer harmful chemicals into the atmosphere when burned. In fact, BP's own website contains the quotes: "There is evidence that the earth’s temperature is rising" and "There is an emerging consensus that climate change is, at least in part, linked to the production and consumption of carbon based fuels." BP even has a multiple-part report on global warming and how they plan to address it.

In recent weeks shadier companies like Exxon Mobile, ConocoPhillips, and Kerr-McGee have launched their own advertising campaigns bragging about their contributions to reducing global warming. But what is the impact of a…