Here’s something to think about while paying $4 a gallon

Exxon, everyone’s favorite Texas oil company, has finally admitted to funding climate change denial groups and pledges to stop. 

The move comes ahead of the firm’s annual meeting today in Dallas, at which prominent shareholders including the Rockefeller family will urge ExxonMobil to take the problem of climate change more seriously. Green campaigners accuse the company of funding a “climate denial industry” over the last decade, with $23m (£11.5m) handed over to groups that play down the risks of burning fossil fuels.

$23 million to climate denial — that’s a lot of denial.  This money has enabled the Republican Party to continue not only rejecting reality on climate change, but in that vein it has also KO’ed government funding for alternative energy projects.  Different energy resources are not only needed to combat climate change, but with a gallon of gasoline soon to cost $5, wouldn’t it be nice to fill up with something else…  Something cheaper?

Exxon, though, has good reason to not want cheaper energy resources.

Exxon Mobil Corp. posted the largest annual profit by a U.S. company — $40.6 billion — on Friday [February 1, 2008] as the world’s biggest publicly traded oil company benefited from historic crude prices at the end of the year.

Exxon also set a U.S. record for the biggest quarterly profit, posting net income of $11.7 billion for the final three months of 2007, beating its own mark of $10.71 billion in the fourth quarter of 2005.

The previous record for annual profit was $39.5 billion, which Exxon Mobil had in 2006.

Now I’m not suggesting that Exxon is price gouging…  I’m just saying that they seem to be making a boatload of money while the rest of us suffer, and this just happens to be a harmless coincidence, I’m sure! 

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