Conoco's Own Inconvenient Truth
CEO Mulva says the oil company is taking its role in global warming seriously and plans to be more proactive
James Mulva says he's recognizing an inconvenient truth. The chairman and chief executive of ConocoPhillips (COP), the nation's third-largest oil company, acknowledged this month that fossil fuels—his company's core product—are permanently warming the Earth. "The science has become quite compelling," Mulva said in an interview with BusinessWeek.com. "We've been studying this for quite a number of years. That is happening."