UN blames global warming on fossil fuels; Exxon posts $40 billion US profit

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Barely a week before scientists from 113 countries issued the long-awaited IPCC report; Exxon Mobil Corp. of Texas announced its record windfall to a storm of protest and accusations of using those profits to fund a campaign denying climate change and protesting efforts to reduce petroleum consumption.

In addition to Exxon, Royal Dutch Shell PLC, an Anglo-Dutch company, and US-run ConocoPhillips Co., Marathon Oil and Valero Energy also have posted best-ever annual results.

In a year of rising global temperatures and record gasoline prices, combined profits at the five companies totaled $91.1 billion.

The 21-page IPCC report, meanwhile, has blamed man-made emissions of greenhouse gases for fewer cold days, hotter nights, killer heat waves, floods and heavy rains, devastating droughts, and an increase in hurricane and tropical storm strength – particularly in the Atlantic Ocean.

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