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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."

s to melt and temperatures to rise Energy executives, of course, have taken mixed positions on the climate change debate. Exxon Mobil (XOM) has long been one of the most outspoken skeptics on global warming. Although the position has softened somewhat recently, Chairman and CEO Rex Tillerson told an industry gathering in February that he still doubted burning fossil fuels were causing polar ice cap.



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Nation's Third Largest Oil Company Admits

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