While BP for some reason has lost its political will to go 'beyond petroleum' since the change in leadership, ExxonMobil, once the staunchest of climate change deniers, appears to be moving forward on renewables with unexpected vigor.
While BP has now chosen to invest in ethanol, which when you factor in all the carbon dioxide released in its growth, transport and production is often worse than straight up hydrocarbon fuels, Exxon is now diving full force into R&D on producing fuel from gentically engineered algae.
Read more here.
Geoffery Styles at the Energy Tribune has aome interesting and in my view encouraging thoughts on Exxon's announcement here.
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