exxonmobil

• It appears that guilt has finally begun to scratch the skin of oil giant Exxon-Mobil, as some Texas officials just convinced them to put forth a few pennies of their fortune into a new green effort.
• They’ll be devoting $170 million to a new carbon capturing program.  Just to put things into perspective, analysts expect Exxon’s 2008 profits to near $46 Billion.  So, while money of course takes presidence, Exxon has graciously decided to commit .3% of their revenue to preserving the environment.  Applauds……you guys get to keep the jets.
• $70 million will go towards a 50% increase in carbon capturing at their La Barge, Wyoming natural gas plant. The plant currently captures 4 million tons of emissions per year, while the investment promises a bump to 6.
• The remaining $100 million will go towards the testing of a technology hoping to strip carbon completely from natural gas by 2010.
• Although this is no where near the impact Exxon could potential have if they wanted to, it’s an effort, which by itself is notable.  Hopefully there’s more green efforts to come from Exxon, I kinda doubt it though.

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