| ConocoPhillips, the fifth largest oil
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| | spending on alternative energy to $150
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| company in the world, is taking steps to
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| | million and has invested an equal amount
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| address the problem of global warming,
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| | in methods of capturing carbon dioxide
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| the first major US oil company to do so.
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| | emissions. The company is also funding a
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| As VOA's Greg Flakus reports from
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| | $22-million project at Iowa State
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| Houston, the company is implementing
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| | University to develop bio-fuels over the
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| programs to develop alternative fuels and
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| | next eight years. CEO Mulva says
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| to reduce emissions of greenhouse gases.
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| | alternative fuels are unlikely to replace
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| In an statement released this week,
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| | most of the gasoline used in vehicles,
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| ConocoPhillips announced it has joined
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| | but they could be part of a more
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| the US Climate Action Partnership, a
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| | diversified mix of fuels.
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| coalition of corporations trying to
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| | "Gasoline, obviously, is a superior
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| address the problem of climate change.
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| | transportation fuel," he said. " It is
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| The company also calls for legally
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| | efficient, it is available. But, what we
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| binding caps on emissions of gases that
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| | do need to do is develop all sources of
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| many scientists say cause global warming.
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| | alternative energy. It is relatively
|
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| | source, 10, 20, 30 years from now, but we
|
| In a recent meeting with reporters at
| |
| | do need to develop the alternatives,
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| Rice University here in Houston,
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| | renewables and other sources of energy."
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| ConocoPhillips Chief Executive Officer
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| | But, above all, Mulva says, consumers in
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| James Mulva made it clear that his
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| | the United States need to reduce the
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| company was joining the move to address
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| | amount of energy they are wasting.
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| climate change.
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| | "We need to conserve and make far more
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| "We are doing this because we believe in
| |
| | efficient use of our energy," he said.
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| it," said James Mulva. "We must recognize
| |
| | "The United States, I think, we have
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| climate change and incorporate it into
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| | essentially about four percent of the
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| our facilities and our investment
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| | world's population and we use 25 percent
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| program."
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| | of the world's oil resources. Obviously,
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| ConocoPhillips is one of the five major
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| | we can be far more efficient users of
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| international companies sometimes grouped
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| | energy."
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| together as big oil and blamed by many
| |
| | Environmental groups agree with that
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| environmental activists for opposing
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| | assessment, but many of them favor
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| efforts to address climate change.
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| | stronger measures than those being
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| Dallas-based Exxon-Mobil, the world's
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| | undertaken by ConocoPhillips. Groups
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| largest oil company, remains strictly
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| | advocating government action to curb
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| focused on petroleum and has funded
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| | greenhouse gas emissions say the company
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| research that questions the human impact
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| | still lags behind companies like BP and
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| on global warming, but the other members
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| | Shell that have aggressively developed
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| of the big oil club, California-based
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| | alternative energies that produce
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| Chevron, London-based BP and the
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| | significantly less carbon pollution.
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| Hague-based Royal Dutch Shell have
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| | Among the fuels ConocoPhillips views as
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| already begun programs to develop
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| | alternatives to petroleum are such things
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| alternative fuels, including renewable
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| | as oil sands and oil shale, which are
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| fuels like ethanol and biodiesel.
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| | fossil fuels and produce the same amount
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| ConocoPhillips has doubled research
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| | of carbon emissions as oil.
|
