Trashing Good Science

Krugman has a must read in the Times today. Here's a link to the whole piece, via Economist's View:

Paul Krugman: Enemy of the Planet

Lee Raymond, the former chief executive of Exxon Mobil, was paid $686 million over 13 years. But that's not a reason to single him out for special excoriation. Executive compensation is out of control in corporate America as a whole, and unlike other grossly overpaid business leaders, Mr. Raymond can at least claim to have made money for his stockholders.

There's a better reason to excoriate Mr. Raymond: for the sake of his company's bottom line, and perhaps his own personal enrichment, he turned Exxon Mobil into an enemy of the planet.

[]

So how have corporate interests responded? In the early years, when the science was still somewhat in doubt, many companies from the oil industry, the auto industry and other sectors were members of a group called the Global Climate Coalition, whose de facto purpose was to oppose curbs on greenhouse gases. But as the scientific evidence became clearer, many members — including oil companies like BP and Shell — left the organization and conceded the need to do something about global warming.

Exxon, headed by Mr. Raymond, chose a different course of action: it decided to fight the science.

A leaked memo from a 1998 meeting at the American Petroleum Institute, in which Exxon (which hadn't yet merged with Mobil) was a participant, describes a strategy of providing "logistical and moral support" to climate change dissenters, "thereby raising questions about and undercutting the 'prevailing scientific wisdom.' " And that's just what Exxon Mobil has done: lavish grants have supported a sort of alternative intellectual universe of global warming skeptics.

[]

Has Exxon Mobil's war on climate science actually changed policy for the worse? Maybe not. Although most governments have done little to curb greenhouse gases, and the Bush administration has done nothing, it's not clear that policies would have been any better even if Exxon Mobil had acted more responsibly.

But the fact is that whatever small chance there was of action to limit global warming became even smaller because Exxon Mobil chose to protect its profits by trashing good science. And that, not the paycheck, is the real scandal of Mr. Raymond's reign as Exxon Mobil's chief executive.

Previous post: Another Billionaire for Bush (April 14, 2006)