ConocoPhillips CEO urges balanced energy policy

WASHINGTON


To ensure prosperity, the U.S. economy needs quickly available energy, reasonably priced, he said. By restricting energy development domestically, the country exports dollars to buy oil from abroad, thereby also exporting jobs.

ConocoPhillips, the third-largest U.S. oil company, is a member of the U.S. Climate Action Partnership, a coalition of business and environmental groups calling for a mandatory national framework to slow and eventually reverse the growth of greenhouse gas emissions. The group is issuing recommendations for climate policy later this week.

Mulva leaned lightly toward institution of a cap-and-trade system to cut carbon dioxide emissions over a tax on them, though he added that “they both can work.”

AP