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ExxonMobil Says No to Solar & Wind Investment

| Wednesday June 1st, 2005 | 0 Comments

exxon.jpgAlthough their shareholders are making a solid effort to address climate change and alternative energy, ExxonMobil officials are dead-set against dabbling in solar and wind power. The reason – Exxon claims to be against investing in areas that require government subsidy to profit. This hasn’t stopped BP from making renewables a very visable (if tiny) part of their strategy – plus oil extraction is (arguably) also heavily subsidised if security spending is taken into consideration.
Is Exxon just being honest about their intentions while the likes of BP pull off saavy marketing moves? Perhaps, but many would argue that a superficial effort is better than no effort at all. (via Daily Grist)


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