‘ExxonKnew’: More CorrectionBy Robert Bradley Jr. -- September 18, 2023 1 Comment
Ed Note: The erroneous, agenda-laden ExxonKnew narrative was again in evidence in last weekend’s WSJ News Exclusive, “Inside Exxon’s Strategy to Downplay Climate Change.” For other rebuttals involving the author, (see here).
“Exxon doesn’t ‘know’ anything. It’s a collection of people and just like any other organization with many people, there are many views and understandings on almost every topic imaginable. I worked with Republicans, Democrats, Socialists, and Libertarians.” – Glen Lyons, former employee (below)
A sober look at the “ExxonKnew” campaign reveals an anti-fossil-fuel agenda inspiring a myopic view of the company’s old investigations into carbon dioxide (CO2).
There are many corrections to this leaky narrative. First, note that the company assigned the CO2 studies to individuals with their own personal motivations and did not partake in studies on the offsets to CO2 (from sulfur dioxide) or the benefits of CO2 (plant growth and resiliency, global greening, warmer winters).…Continue Reading
Carbon Capture & Storage: ExxonMobil’s Big Political PlayBy Robert Bradley Jr. -- March 7, 2023 1 Comment
“ExxonMobil wants more: an ‘initial’ increase in the tax credit to around $100 per metric ton (from $85) and an extended eligibility period to 30 years (from 12 years). And ‘Provide a $10 billion grant to help develop infrastructure in Houston….'”
“Carbon capture and storage is a ‘loss leader’ for ExxonMobil to officially greenwash. For the Biden Administration, CCS is a bribe providing leverage on the biggest energy major.”
Yesterday’s post described ExxonMobil’s abandonment of its biofuels (algae) venture, wildly uneconomic after more than a decade of effort and hundreds of millions of dollars invested. But the company’s Low-Carbon Solutions division has something much bigger in process: Carbon Capture and Storage (CCS), advertised as “Providing industry solutions needed to help reduce emissions during the energy transition.” (Ouch! ExxonMobil endorsing “the energy transition” away from its major products, oil and gas.)…Continue Reading
ExxonMobil Cans Algae (greenwash failure)By Robert Bradley Jr. -- March 6, 2023 No Comments
“After advertising its efforts to produce environmentally friendly fuels from algae for over a decade, Exxon Mobil Corp. is now quietly walking away from its most heavily publicized climate solution.” (below)
Biofuel is out, leaving carbon capture and storage (CCS) as the leave-us-alone, we-are-doing-our-part “greenwashing” strategy at ExxonMobil (see tomorrow’s post). The end of algae as a substitute for crude oil comes after $350 million and 14 years of commitment. This expenditure was joined by a “green” advertising campaign around the project of at least $60 million, mostly spent between 2017 and 2019.
It was predictable. Shell, BP, and Chevron had previously thrown in the biofuels towel. And it is reminiscent of Exxon’s failed ventures in the 1970s: Office equipment. Real estate. Synthetic fuels. Shale oil. Electric motors.…Continue Reading
Fossil Future at ExxonMobil (no ‘net zero’ here)By Robert Bradley Jr. -- December 13, 2022 No Comments
“We are investing in big, new projects…. And if you go forward into 2027, we are actually growing [oil and gas] production.” (Darren Woods, CEO, ExxonMobil)
The climate alarmists/forced energy transformationists have a real intellectual and political debate on their hands. Mugged by reality, the activists must confront the failure of “green” alternatives in meeting world demand for affordable, reliable, taxpayer-neutral, plentiful energy.
The Green Energy Crisis has upended the “energy transition” and “Net Zero” future. And bullied corporations now have Main Street and Wall Street on their side. Jamie Dimon at J. P. Morgan Chase was clear on the need for a fossil-fuel future. So are the companies (Vanguard, etc.) that are bailing on the ESG climate movement.
Consider ExxonMobil. “Exxon Knows” should replace ExxonKnew, for ExxonMobil knows that consumer demand and profits will be with the mineral energies, not dilute, intermittent, government-dependent wind and solar.…Continue Reading