Washington, D.C. (YBH) – Select quotes from U.S. oil company executives made today before a congressional committee on oil industry practices (emphasis ours):
BP America President and Chairman Lamar McKay: “BP supports an economy-wide price for carbon based on fair and equitable application across all sectors and believes that market based solutions, like a cap and trade or linked-fee, are the best solutions to manage GHG emissions.” (Committee on Energy and Commerce, Subcommittee on Energy and Environment, U.S. House Of Representatives, Hearing, 6/15/10)
BP executive Lamar Mckay
Shell President Marvin E. Odum: “That is why Shell supports legislating a solution to energy and climate issues as a means to create a secure U.S. energy future, reduce dependence on foreign oil and decrease greenhouse gas emissions. This requires setting a price for carbon, and we recommend cap and trade.” (Committee on Energy and Commerce, Subcommittee on Energy and Environment, U.S. House Of Representatives, Hearing, 6/15/10)
ConocoPhillips CEO James J. Mulva: “Another key element of a comprehensive energy policy should be federal action to address global climate change. As you are aware, ConocoPhillips supports passage of a comprehensive federal law establishing a clear and transparent price for carbon.” (Committee on Energy and Commerce, Subcommittee on Energy and Environment, U.S. House Of Representatives, Hearing, 6/15/10)
During the health care debate earlier in the year executives from every facet of the medical industry sought favor from the Obama government by agreeing to support legislation that would ultimately harm their respective businesses. Big Oil is appearing to do the same looking for leniency from the Obama government as oil continually flows into the Gulf of Mexico from destroyed BP oil rig.
The President is expected to use the gulf oil spill as a way to push for new taxes on energy to fight “climate change.” The President runs the risk of looking too opportunistic if he does so in an overly broad manner, as most American citizens are focused on stopping the oil leak in the gulf of Mexico, not expanding the size of the federal government in the wake of the tragedy.
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John Romano is the publisher and editor of Yes, But However!, a musician, a former political correspondent for BBC Radio London, and a serial web entrepreneur. Follow him on twitter: twitter.com/yesbuthowever or John Romano on Google+John Romano article archive.
