If one were to assume (and these are mine) that
1) We will have some kind of climate legislation in the next two years
2) It will be a pitiful compromise like everything that comes out of the capitol these days, and only take away some of the bones it has thrown to the fossil fuel industry in the past
3) Those losing bones will be coal
4) Those getting bones will be natural gas (fantastic transition fuel, for both electricity generation and transportation to a lesser degree) and nuclear (though not the most progressive nuclear -> liquid fluoride thorium)
Then, moves like this by XOM make more sense.
CT
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