America's third largest oil company, ConocoPhillips (NYSE: COP), came out today with a stark confession. The company's chairman and chief executive, James Mulva, acknowledged that his company's main product, fossil fuels, are permanently warming the Earth's atmosphere.

According to Mulva, the company has been studying its impact on global warming for several years now and it has become obvious that the science speaks for itself. The oil industry as a whole has become more willing to fess up to its impact on global warming, but still have not completely embraced the concept that the burning of fossil fuels is indeed leading to global warming.

As recently as this February, the CEO of the nation's largest oil company, Exxon Mobil Corporation (NYSE: XOM), stated that he was still not 100% convinced of the impact that the burning of fossil fuels is having on climate changes. "There's clearly a change in the climate," Tillerson, XOM's chairman and chief executive said. "It's getting warmer. How that all interrelates with industrial activity is not 100% clear." Come on Tillerson, I think it's about time to just admit what the rest of the world already knows to be true.