Exxon Flips

This is interesting. Via John Quiggin, ExxonMobil seems to have decided that global warming’s real after all and should dedicate its lobbying efforts to designing CO2 control rules that spread the burdens of compliance widely rather than focusing in on energy firms (I think I may agree with this position on the merits and am certainly willing to explain why I agree, but before I do I think I’ll hold out for a check from Exxon) narrowly. As part of the flip, Exxon is no longer going to fund the Competitive Enterprise Institute, producers of the hilarious “they call it pollution, we call it life” pro-carbon ads. CEI actually has a very broad pro-business, anti-regulatory agenda so they’ll presumably be able to raise money from elsewhere.