Jim Mulva has served as ConocoPhillips’ CEO since Phillips merged with Conoco in 2002. Mulva...
Jim Mulva has served as ConocoPhillips’ CEO since Phillips merged with Conoco in 2002. Mulva had previously worked for Phillips, starting in 1973 after serving in the U.S. Navy. Mulva obtained a M.A. in business administration finance in 1969 before entering the service.
In the last fiscal year, Mulva was compensated $11.16 million and holds over $170 million in his company’s stock. He has made over $95 million in the last five years.
Mulva also serves on the Board of Directors for General Electric, and from 2005-2006 was the Chairman of the American Petroleum Institute, a key opposition hub to clean energy and global warming legislation.
“[Congressional energy policy talks are] so oriented toward renewables and — nothing against coal — but it also seems coal is a superior choice at the expense of natural gas.”
-FuelFix, March 9, 2010
“We’re for solar, we’re for wind and all of that, but not at the expense of fossil fuels.”
-CBS Money Watch, July 22, 2010
“In the deepwater Gulf of Mexico we have real interest and have been for a number of years to expand our presence in the Gulf of Mexico so we’ve been active in the recent lease sales.”
“We believe that we can drill these wells very safely with good environmental performance.”
-CNBC Interview, June 18, 2010
"We're going to have to tell our story, that's never been easy for us."
Chron.com Septenber 14, 2011
Since Mulva became CEO, ConocoPhillips has spent over $1.2 million on political contributions.
While Mulva claims to support renewable energy, he asserts that such support is “not at the expense of fossil fuels.” Despite Mulva’s clear intent to take no part in reducing U.S. fossil fuel dependency, ConocoPhillips played a role in shaping U.S. climate and energy bills through their membership in the U.S. Climate Action Partnership (USCAP). Mulva claimed that the climate legislation did not include enough incentives for the oil industry. Behind the scenes, ConocoPhillips spent tens of millions of dollars on lobbying to influence legislation against industry regulation and for favorable permits and subsidies for Mulva's business. Mulva pulled ConocoPhillips out of the USCAP after influencing House and Senate climate bills which were prevented from becoming law.
Mulva’s company holds major investments in operations controversial for their safety, their ecological impact, and their violation of human rights. These operations include offshore drilling in the Gulf of Mexico, drilling operations in Alaska, heavy involvement in the tar sands of Northern Alberta, and oil exploration in ecologically sensitive areas of the Peruvian Amazon, inhabited by isolated indigenous people whose presence ConocoPhillips denies.
Following the BP Deepwater Horizon well blowout, Mulva and the CEOs of the other four U.S. supermajor oil companies were summoned to testify before the U.S. House Energy and Commerce Subcommittee on Energy and the Environment. When examining the five corporations’ Gulf of Mexico regional oil spill response plans, Chairman Ed Markey demonstrated that all of the plans were almost identical and completely inadequate. When questioned, Mulva agreed with Chairman Markey that it was “not appropriate” to mention walruses in a plan for a region they do not inhabit.
While Mulva has publicy stated that hydrofracking for shale gas is "often the low cost-source," one of ConocoPhillips' geologists has privately warned colleagues that industry's "unreasonable enamor" with shale gas could become "the world's largest uneconomic field."