ExxonMobil Publishes Global Climate Change Views.Business Editors IRVING, Texas--(BUSINESS WIRE)--April 17, 2001 Exxon Mobil Corporation Exxon Mobil Corporation U.S.-based oil and gas company formed in 1999 through the merger of Exxon Corp. and Mobil Corp. It has investments and operations in petroleum and natural gas, coal, nuclear fuels, chemicals, and ores. (NYSE NYSE See: New York Stock Exchange :XOM XOM Exxon Mobil Corporation (stock symbol) XOM X/Open Object Management XOM OSI-Abstract-Data Manipulation API XOM Xml Object Model XOM X/Open Osi Abstract Data Manipulation ) is sharing its views today on the important issue of global climate change with major ads in the Los Angeles Times Los Angeles Times Morning daily newspaper. Established in 1881, it was purchased and incorporated in 1884 by Harrison Gray Otis (1837–1917) under The Times-Mirror Co. (the hyphen was later dropped from the name). , The New York Times, The New York Times, The Morning daily newspaper, long the U.S. newspaper of record. From its establishment in 1851 it has aimed to avoid sensationalism and to appeal to cultured, intellectual readers. Wall Street Journal, and the Washington Post. "We want to make sure that the public, our customers, the governments we work with, and environmental organizations clearly understand, without third-party interpretation, where we stand on this issue," said Frank Sprow, ExxonMobil's vice president for safety, health and environment. Stating that the risk of long-term climate change needs to be addressed in a sound way, the company calls for moving beyond the highly-politicized Kyoto Protocol Kyoto Protocol: see global warming. to an effective international climate policy. The company put forth proposals that encourage voluntary actions through cost-effective investment such as co-generation of energy in manufacturing processes and energy efficiency in business and homes; promotes carbon storage through expansion and protection of forests and emphasis on soil management; focuses international efforts on a framework that supports technology transfer and information sharing See data conferencing. ; conducts scientific research to improve society's ability to predict possible consequences of future climate change; realistically appraises and addresses barriers to renewable energy (wind, solar) and nuclear energy; and undertakes research on promising long-term technological options that could significantly reduce future emissions (for example, using fuel cells powered by hydrogen from advanced gasoline). "These proposals are designed to avoid regulatory straitjackets and invite participation by all nations. Because they are flexible, policies can change as experience and knowledge are gained. It is essential to move from Kyoto to practical and politically attainable approaches that recognize the need for affordable energy in our daily lives," Sprow said. Sprow added that ExxonMobil's concerns about Kyoto are shared by numerous companies and organizations. As one example, he cited a letter to President Bush by the United States Chamber of International Business (USCIB USCIB US Council for International Business USCIB US Communications Intelligence Board ) that represents some 300 U.S. companies, professional services firms and associations. In that letter the USCIB praised the administration's timely initiative to conduct a formal interagency review of energy and climate change policies. The ExxonMobil ads can be accessed by going to the company's website at www.exxonmobil.com. |
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