Sunday, June 18, 2017

Big Oil Believes in Climate Change—When It’s Talking to Shareholders

Fossil fuel companies are among the biggest supporters of President Trump's decision to pull out of the Paris climate accords, yet federal documents reveal that some companies have long been aware of the severe risks to their operations posed by a warming planet.

In filings with the Securities and Exchange Commission, several oil and pipeline companies acknowledge that climate change – which the fossil fuel industry has contributed to significantly – could undermine their bottom line and threaten their most valuable physical assets, including pipelines, oil storage “tank farms” and export terminals....
http://www.thedailybeast.com/big-oil-believes-in-climate-changewhen-its-talking-to-shareholders

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