Exxon’s Algae Dry Hole ($300 million greenwashing failure continuing)

By Robert Bradley Jr. -- December 16, 2020 1 Comment

“That points to another potential challenge [to algae fuel commercialization]: the availability of land. NREL’s model for a commercial-scale algae facility calls for 5,000 acres of open-air algae ponds plus an additional 2,000 acres for support facilities. Yet all that land would produce only a limited amount of fuel.” [E&E News, below[

“Algae nevertheless serve a purpose for the company, [Robert] Brulle said. ‘They’re not selling you algae. They’re selling you, there’s good guys at Exxon,’ he said. ‘You don’t need to regulate us, you don’t need to sue us. We’re good guys.’ [E&E news, below]

Although nothing like the fall of once mighty General Electric (GE) under Jeff Immelt, the post-Lee Raymond Exxon Mobil is a sad corporate governance story of missed market opportunities and a wrong turn toward political correctness.

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“ExxonMobil and Climate Change: Do Look at the Science” (2016 article for today)

By Robert Bradley Jr. -- November 21, 2019 No Comments

[Editor Note: For several years, Bradley published his “Political Energy” series at Forbes.com. This particular post, published on March 25, 2016, received 6,146 views. Given the lawsuits against ExxonMobil and other energy companies alleging a conspiracy to hide from the public the postulated delirious effects of anthropogenic climate change from fossil fuel burning, his major points remain pertinent today.] This article follows:

The Left has declared another war on Exxon Mobil. No, it’s not about high prices and high profits, as it has been before. The new charge is that the world’s largest private-sector energy company knew about the dangers of global warming back in the 1970s and 1980s from its own internal scientific investigation.

Therefore, Exxon should have disclosed to investors and other parties that its carbon-based business model had special risks.

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ExxonMobil at ALEC: Bring Back Lee Raymond!

By Robert Bradley Jr. -- December 14, 2017 2 Comments

“We in the petroleum industry are not dismissing the global climate change issue. But I don’t believe anyone should have the moral authority to deny people the opportunity to improve their way in life by arbitrarily depriving them of the means…. I hope that the governments of this region will work with us to resist policies that could strangle economic growth.”

– Lee Raymond, CEO, ExxonMobil (2010) [1]

Think Progress (the successor to the Joe Romm-founded Climate Progress at the Center for American Progress) published a recent piece by Mark Hand, “Industry Opposition Leads ALEC to Withdraw Anti-Climate Resolution,” subtitled “Right-wing lobbying group fails to pass resolution targeting EPA finding.”

Some excerpts from Hand’s piece follow:

A secretive right-wing lobbying group failed to pass a resolution this week that called upon the Environmental Protection Agency (EPA) to withdraw its 2009 finding that greenhouse gases are endangering the planet.

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ExxonMobil’s Tillerson on Wind and Solar Subsidies (an argument to remember)

By Robert Bradley Jr. -- September 21, 2017 6 Comments

“If I wanted to kill [tax subsidies], the thing to do is for Exxon Mobil to go and invest heavily in [wind and solar] and then Congress would immediately cancel the tax subsidy. Actually what they would do is they would just cancel it for us…. So we are not going to go into investments that are dependent on a government providing a tax system to make them viable.”

– Rex Tillerson, Quoted in Russell Gold, “Exxon Mobil: We Like Renewable Energy Subsidies. Wink, Wink.” Wall Street Journal (March 6, 2009).

Last week at MasterResource, I posted on current US Secretary of State Rex Tillerson’s 2013 views on climate science in light of consumer energy needs. He referenced the pause in increasing global temperatures in light of rising concentrations of greenhouse gas concentrations.

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Exxon Mobil and the Carbon Tax: ‘Upon Further Review’

By Robert Bradley Jr. -- January 10, 2017 2 Comments Continue Reading

ExxonMobil, Climate Change And Free Speech: Down from Climategate

By -- July 27, 2016 1 Comment Continue Reading

Exxon Mobil Rejects Crony Energy (Tillerson channels Lee Raymond)

By Robert Bradley Jr. -- June 18, 2015 4 Comments Continue Reading

“The State of Energy: Strong and Transformative” (Exxon Mobil’s Tillerson Right On)

By Robert Bradley Jr. -- October 15, 2014 No Comments Continue Reading

Rex Tillerson (Exxon Mobil) on Climate Change (energy/climate realism trumps alarmism)

By Robert Bradley Jr. -- June 4, 2013 8 Comments Continue Reading

Enron vs. Exxon Mobil: Polar Approaches to Energy and Public Policy

By Robert Bradley Jr. -- June 15, 2009 5 Comments Continue Reading