Clearly, there's going to be an impact so I'm not disputing that increasing CO2 emissions in the atmosphere is going to have an impact. It'll have a warming impact. How large it is, is very hard for anyone to predict and depending on how large it is then projects how dire the consequences are. In the fall of 2015, an investigation by the Pulitzer Prize winning Inside Climate News as well as the Los Angeles Times and the Colombia School of Journalism revealed a trove of documents from scientists inside oil giant ExxonMobil, showing that Exxon scientists understood the mechanisms and consequences of human caused climate change as early as the late 1970s and early 1980s. New York State Attorney General Eric Schneiderman recently subpoenaed oil giant ExxonMobil, apparently seeking documents that might show the company had downplayed the risks to profits and therefore to investors of stronger regulations on burning fossil fuels. The documents show Exxon understood a clear scientific consensus existed on the greenhouse effect, that the build-up of carbon dioxide in the atmosphere could become a serious problem and mentioned the distinct possibility of effects that could be catastrophic for a substantial fraction of the Earth's population.
Exxon scientists stated their research was in accord with the scientific consensus on the effect of increased atmospheric CO2 on climate. Multiple documents mentioned potential adverse impacts such as flooding of coastal land masses due to the melting Antarctica sheets. Our view of this very complex subject over the years, over the decades, has mirrored that of the broader scientific community. In the early 1980s, the scientific community was just beginning to sound the alarm about increasing buildup of gases like carbon dioxide in the atmosphere. Researchers say increasingly large amounts of CO2 are accumulating in the atmosphere. They fear the earth will gradually become warmer, causing as yet uncertain but possibly disruptive changes in the Earth's climate 50 to 70 years from now. The discussions that have taken place inside our company among our scientists mirror the discussions that have been taking place in the work that's been taking place by the broader scientific community.
That's what the facts show. Scientists and a few politicians are beginning to worry that global energy planning does not take the greenhouse effect seriously enough. Those same computer models correctly predict the past climate of the Earth. They correctly predict the present climate of the Earth. It is reasonable that they are correctly predicting the future climate on the Earth, given the amount of CO2 and other greenhouse gases that were pouring into the atmosphere. Internal briefing documents for Exxon executives showed a science effort that was on the very cutting edge for its time. Graphs showed projections of temperature rise derived from increasingly complex atmospheric models, much like temperatures that have now been observed in the real world. Using global climate models developed by NASA, Exxon scientists agreed with the mainstream projections of approximately 3 degrees global average temperature rise for a doubling of atmospheric carbon dioxide with a rise of more than 10 degrees projected for polar regions, a phenomenon called polar amplification, which has now been actually observed. Exxon state-of-the-art climate modeling predicted a pattern of planetary warming, projecting the lower atmosphere to warm, while the upper atmosphere cooled, a telltale fingerprint of human-caused warming that has now also been observed in the real world.
This table from 1982 predicts conditions looking well into the future including the current year of 2015 where Exxon predicted atmospheric carbon levels for our time to within nine parts per million and a temperature rise to within a few tenths of degree of the best current observations. But in the following years, something happened at Exxon. The company seem to have forgotten the findings of its own experts. Proponents of the global warming theory say that higher levels of greenhouse gases are causing world temperatures to rise and the burning fossil fuels is the reason. The scientific evidence remains inconclusive as to whether human activities affect global climate. You know, there was no doubt that fossil fuels were the main driver of higher CO2 emissions and that CO2 emissions will lead to the climate change, right.
What Exxon was trying to figure out in the 70s and 80s was, when is it gonna hit and how bad is it gonna be but they knew it was gonna be bad like they admitted it is going to be bad, they used the word 'catastrophic' over and over again in documents. Fifteen years later, as the science became more certain, Exxon backed away from that and Lee Raymond talked about that. Many scientists agree there's ample time to better understand climate systems and considered policy options so there's simply no reason to take drastic action now. It's a pretty startling walk back from what, you know, the scientists said 15 years earlier. What he's concerned about and wants to know, is whether Exxon was using one set of scientific models to do its work in the Arctic, for example, where Exxon has been engaged in drilling and on the other hand, telling the public, telling its shareholders a very different set of facts about the state of climate change.
When you're making public disclosures to investors and when you're making public disclosures to government officials, there are laws regulating whether or not that's something that you really need to stand by so if there's evidence demonstrating purposeful concealment and it's too early to say then it really could be a big cloud over the company site. Exxon has funded a number of organizations that he said have been openly climate change deniers, he mentioned the American Enterprise Institute… Take for example, this hold 97% of scientists agree on global warming. That is an utterly fraudulent number. Has Exxon been funding these organizations? Well, the answer is yes, and I'll let those organizations respond for themselves. They're basically saying you and your industry are hiding the risks of climate change just like the tobacco companies hid the risks of smoking.
.. and then using tactics that are very similar to what the cigarette industry or tobacco industry used for many years even though the overwhelming scientific consensus was that smoking cigarettes is bad for you, they would find a few scientists that would disagree and then they would say, look, scientists disagree so that's essentially how they would try to trick the public into thinking that smoking is not that bad. There are allegations that ExxonMobil also funded research from somebody for example at the Smithsonian Institution without disclosing and without that person disclosing that he was going on a certain path whereby there were other scientists within ExxonMobil that might have had beliefs to the contrary. You have received over a million dollars and funds from coal and oil interests. The last grant you received from a funder with no ties to the energy industry was in 2002. That's over a decade ago. In recent weeks, ExxonMobil has accused Columbia School of Journalism of ethical misconduct in reporting this story. In response, Steve Coll, the Dean of the Columbia School of Journalism, has refuted those allegations in a detailed letter since published in The New York Times.
Meanwhile, 2015 will soon go down in history as the hottest year globally in the modern record with indications that 2016 will be even warmer. We can't be a 100% sure, but which is more prudent? Which is wiser? …to do nothing and hope that a mistake has been made, or to take these predictions seriously even if there's a chance the precautions you will take will be unnecessary..