HOUSTON, Feb. 16, 2010 -- ConocoPhillips [NYSE: COP] today announced that it will not be renewing its membership in the U.S. Climate Action Partnership (USCAP). This action enables the company to better focus its efforts on ensuring fair and equitable treatment of the transportation sector and its consumers and on expanding opportunities for greater near-term GHG reductions through increased use of natural gas.In other words..."SCREW YOU."
I get the distinct impression that ConocoPhillips stuck their collective fingers up in the air, and realized that those who would chastize their company for walking away from the "cap and trade" brigade is significantly smaller than those who would cheer the reality wake-up call.
UPDATE: Well, that didn't take long. Add BP America and equipment maker Caterpillar Inc. to the list. (via Big Government and a news piece on Breitbart)