A Nov. 25 article about energy companies and climate change misquoted Shell Oil Co. President John Hofmeister. In an Oct. 23 speech at the National Press Club, Hofmeister said: "When 90-plus percent of the world's leading figures believe that greenhouse gases have impacted the climate of the Earth, who is Shell to say 'Let's debate the science.' "
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Energy Firms Come to Terms With Climate Change
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"We cannot deal with 50 different policies," said Shell's Hofmeister. "We need a national approach to greenhouse gases."
Next week, the Supreme Court will hear arguments on whether the federal government is obligated to regulate carbon dioxide as a pollutant; its decision could force the government to come up with guidelines.
Though many energy firms had already voiced support in recent months for federal regulations limiting greenhouse gas emissions, the coming changeover in Congress has intensified the discussions.
"There have been many more folks wanting to engage on the detailed architecture of climate-change legislation," said Jason S. Grumet, executive director of the bipartisan National Commission on Energy Policy. "The tenor, tone and the detail of discussions has changed in the last couple of months. Nobody's going to want to be the last company to come before the Congress and say, 'I've been opposing you for five years, but now can I have my piece?' "
Some businesses are making new hires based on the assumption that legislative activity on global warming will increase in the coming months. Truman Semans, director of markets and business strategy for the Pew Center on Global Climate Change, said at least half a dozen of the companies that belong to the center's Business Environmental Leadership Council have recently hired staff members focused on global warming.
Not every energy company is planning to curb greenhouse gas emissions in the near future. TXU Corp. is planning to spend $10 billion to build 11 new coal-fired power plants, which would more than double the company's carbon dioxide emissions, from 55 million tons to 133 million tons a year. That increase in emissions is more than the total carbon dioxide pollution emitted in all of Maryland or by 10 million Cadillac Escalade sport-utility vehicles.
In an e-mail to The Washington Post, TXU spokeswoman Kimberly Morgan said that the company supports "a comprehensive, voluntary, technology-based approach to global climate change based on carbon intensity" that is both "flexible and cost effective."
"We are at a point in time where other states and businesses are starting to take global warming seriously," said Colin Rowan, spokesman for the advocacy group Environmental Defense. "California is heading toward the future, and TXU and Texas are sprinting full speed back to the 1950s."
The company's approach may pay off in the short term, but it may not last. "Over the next two years I don't think environmental policy is going to change radically," said Carl Pope, executive director of the advocacy group Sierra Club. But he added, "I think the environmental agenda and conversation will change radically."
Corporate America wants to be part of that conversation. Duke Energy's Stowell said: "Industry is coming together and saying, 'Okay, if we're going to do this, let's do this in a way that won't wreck the economy.' "
