Exxon joins the real world

by John Quiggin on January 14, 2007

For the last few years, Exxon Mobil has been the biggest single source of support for global warming denialism, and has also exercised a lot of influence on the Bush Administration in its do-nothing stance. For a long while, Exxon was able to act through front groups like the Global Climate Coalition, but the corporation has been increasingly isolated and its activities have been exposed to public scrutiny, most notably with the open letter from the Royal Society last year.

Now Exxon has changed its position, recognising the inevitability of some sort of controls on CO2 emissions, and lobbying for a broad approach that will be relatively favourable to businesses like Exxon, rather than one tightly focused on the energy industry. At this point, an association with shills for denialism like the Competitive Enterprise Institute is counterproductive as well as being embarrassing, so they’ve been cut adrift (along with half a dozen others not yet named).

In other news, Stern has responded to critics of his review in a recently published postscript. There’s also a Technical Annex with a sensitivity analysis, something that both critics and those (like myself) with a generally favorable view should welcome.