Big Oil Fighting Climate Change
Fighting climate change has not been at the top of some oil industries list. For some, it could be found at the bottom of their list. Exxon Mobil, one of the nation’s largest oil companies, has pushed climate change to the top of their list. This could be a huge step for the oil industry as a whole. Exxon is investing $600 million dollars in the research and development of algae based fuel, sometimes called in oil industry “oilgae.” Exxon has been known and criticized as an oil company that doesn’t care about its impact on the climate. The same people who have criticized them for not caring are questioning whether the company will actually do something with this research. Exxon has admitted that this will be a slow process that could take five to ten years before being implemented. If they do follow through with this program there is no telling where the oil industry will go. This could be one of the greatest steps for alternative energy. (more…)