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Is Exxon making a real, $600 million biofuel shift?

Money talks, but how can we know what it's saying? Exxon Mobil is investing $600 million into a 5- to 6-year algae biofuel project with biotech company Synthetic Genomics. The biofuel will be made from "sunlight, water and waste carbon dioxide by photosynthetic pond scum," writes the New York Times. After the first $600 million is used and if the technology appears to be working, billions more could follow in order to get the produciton process ready for commercial application. The goal is to produe liquid fuels that act "a lot like today's ... Read more →

ExxonMobil/Electrovaya's electric car, the Maya 300, gets detailed tomorrow Sebastian Blanco

If you had gobs and gobs of money, would you spend some on an electric car? What if your core business was selling people oil and gasoline? That's what ExxonMobil is all about, but the company is ...

U.S. oil consumption keeps on dropping, ExxonMobil execs admit Sebastian Blanco

If you know what the acronym VMT stands for, then this story probably won't come as much of a surprise. VMT stands for vehicle-miles traveled, and Americans drove their VMT numbers way, way down last ...

Exxon Mobil posts record $45.2 billion profit in 2008 Jeremy Korzeniewski

It's almost expected now that each quarter Exxon Mobil will produce a new record profit. Last quarter, though, as the largest publicly traded oil company in the world saw its profits decline by 27 ...

Exxon's $14.83 billion sets new quarterly profit record Jeremy Korzeniewski

Another quarter passes, another record profit is set by Exxon Mobil. It's a bit of a broken record by now... literally. If you have a weak stomach, perhaps you should quit reading here. For the rest ...

ExxonMobil will get hydrogen from Air Products in Gulf area 1 year ago on Autoblog Green

Is it just me or has there been a lot less hydrogen news coming out recently than usual? Finally, though, the drought has ended and we have ExxonMobil Refining and Supply Company to thank for bringing it up again. The news is that ExxonMobil will be getting a supply of hydrogen from Air Products ...

Exxon made nearly $1,500 a second last quarter, a new record 1 year ago on Autoblog Green

First, let's get the hard data out of the way: Exxon's $11.68 billion of profit last quarter was the highest ever recorded by any company, topping it's own previous record from the last quarter of '07. For those who like to keep track of such things, that is nearly $90,000 a minute; $1,500 every ...

ExxonMobil $pending ten$ of billion$ to locate more oil 1 year ago on Autoblog Green

While the amount of energy the world demands every year is tremendous, the cost of finding and purchasing that energy is just as staggering. According to this article, ExxonMobil plans to spend between $25 and $35 billion every year for the foreseeable future in search of more oil. Even as ...

EVS23: ExxonMobil talks with AutoblogGreen on new lithium-ion battery technology 2 years ago on Autoblog Green

Late last week, ExxonMobil announced that it, along with Japanese company Tonen Chemical, had developed a new plastic film technology for automotive lithium-ion batteries. And, since ExxonMobil was going to be at EVS23, I set up an interview with people who could tell AutoblogGreen readers more ...

Oh, Thank You, Thank You ExxonMobil!! 2 years ago on Autoblog Green

I just read the ExxonMobil advertorial in the NYTimes. The second in a 3-part series, this one is titled "Energy close to home." It is a very well-done piece that cherrypicks information. For instance, while admitting that the US is the world's leading oil consumer, it notes we are the No. 3 oil ...

Friday Humor: ExxonMobil finds a way to spend their record profits 2 years ago on Autoblog Green

What do you do when your company makes more money in a quarter than any other company in history... ever? I'm not sure, 'cause I'm certainly not in that position. Perhaps ExxonMobil, which is the profit-laden company in question, decided to play a trick on one unsuspecting customer of almost twenty ...

As if they didn't already have enough... Exxon still trying to pay off scientists? 2 years ago on Autoblog Green

To go along with our previous coverage of the newest report on global warming by the Intergovernmental Panel on Climate Change, the Guardian in the U.K. is reporting that the American Enterprise Institute is offering $10,000 each to any scientist willing to undermine the I.P.C.C.'s report. The AEI ...

Conspiracy or conspiracy theory? Did ExxonMobil pay off scientists to discredit global warming? 2 years ago on Autoblog Green

According to the Union of Concerned Scientists, ExxonMobil gave $16 million to 43 ideological groups between 1998 and 2005 in a coordinated effort to mislead the public by discrediting the science behind global warming. This backs up the claims by Britain's leading scientific academy, The Royal ...

Science teachers reject free copies of "An Inconvient Truth" under pressure from ExxonMobil 3 years ago on Autoblog Green

The National Science Teachers Association was offered 50,000 free copies of the Al Gore documentary An Inconvenient Truth for classroom use. The group however decided to decline the offer because they didn't want to upset Exxon\Mobil. The oil company is a major financial supporter of the ...

ExxonMobil responds to Royal Society 3 years ago on Autoblog Green

Late last week we pointed you to the Guardian's report on a letter that the Royal Society wrote to ExxonMobil demanding that the oil company stop funding organizations that undermine the theory of global warming. I quite wasn't sure just how Exxon would parry the blow, but now that we have the ...

Dear ExxonMobil: Royal Society says stop funding climate change denial 3 years ago on Autoblog Green

Earlier this month the Royal Society, Britain's premier scientific academy, sent a letter (PDF) to Esso, ExxonMobil's U.K. branch, to demand that the oil giant withdraw support for organizations that undermine scientific evidence supporting the theory of global warming. The Royal Society conducted a ...

Saudi oil exec: Don't worry, we have plenty of oil 3 years ago on Autoblog Green

At a conference today in Vienna sponsored by the Organization of Petroleum Exporting Countries, Abdallah S. Jum'ah, president and CEO of the state-owned Saudi Arabian Oil Company (Aramco), proclaimed that the world has only consumed about 18 percent of its total crude oil supply. He said that with a ...

Exxon Mobil chief's global energy outlook 3 years ago on Autoblog Green

There's a news brief on ABC News Online's website showing some views of Exxon Mobil Australian CEO Mark Nolan regarding his global energy outlook. First of all, Nolan believes that fossil fuels will continue to provide about 80 percent of our energy through 2030 because of technical, economic and ...

Energy consultant offers view on what ExxonMobil must do 3 years ago on Autoblog Green

Sometimes I feel like the curtains are parted just a little bit and us mortals are given a glimpse at what makes the world go 'round. Yesterday a moment like that happened for me as I was listening to Marketplace. During a report on the insane profits ExxonMobil reported for the second quarter, ...

Kim Strassel on the Daily Show lets us laugh about oil companies' record profits 3 years ago on Autoblog Green

Kimberley Strassel is on the editorial board of the Wall Street Journal, and she went on The Daily Show with Jon Stewart last week to talk about oil prices, oil companies and ethanol. Her basic argument was that high oil prices at the pump are not the fault of oil companies and their ...

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