Oil Companies admit the truth June 22, 2012 : 4:12 PM

Now it's time they take real action. From the Climate Reality Blog:

“When it comes to protecting their profits, oil companies explicitly acknowledge that climate change poses a threat to their bottom line.”

“ExxonMobil tells its investors that “rising greenhouse gas emissions pose risks to society and ecosystems that could be significant.” Chevron says on its website: “[T]he use of fossil fuels to meet the world’s energy needs is a contributor to an increase in greenhouse gases … There is a widespread view that this increase is leading to climate change, with adverse effects on the environment.” ConocoPhillips goes further: “ConocoPhillips recognizes that human activity, including the burning of fossil fuels, is contributing to increased concentrations of greenhouse gases in the atmosphere that can lead to adverse changes in global climate.” BP even cites the Intergovernmental Panel on Climate Change on its website. And Shell urges that “CO2 emissions must be reduced to avoid serious climate change.”