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Energy

Big Polluters Walk Out On Enviroment Group

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By Douglas A. McIntyre Updated Published

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The U.S. Climate Action Partnership, which has worked to help the progress of federal legislation which covers carbon emissions and green house gases, lost three of its most prominent members–all of them major polluters. ConocoPhillips (COP), Caterpillar (CAT), and British Petroleum (BP) all quit the organization.

Each of the corporations said that it will work outside of the organization to continue to fight air pollution.

The companies were probably wise to desert the U.S. Climate Action Partnership. It was always a bit of a “front” for large energy and manufacturing organizations that wanted to make peace with the Administration as it tried to push new environmentally friendly legislation through Congress. Now that the legislative branch is in a period of gridlock which could last until the midterm elections, the initiative on greenhouse gases may die.

Why would energy companies pay dues to an organization that advocates programs to undermine their profits. Now that the political reasons are gone, they won’t.

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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