Green Options

We can’t expect much from the oil industry, but Greenpeace’s newest finding is as ugly as it gets.

ExxonMobil has been slow to invest in biofuels. Actually, until now, they have not invested in them at all while their competitors have spent the last year making what they hope are strategic investments. Well, slap me silly, but today ExxonMobil announced a $600 million investment with J. Craig Venter (best known for mapping the human genome) whose company, Synthetic Genomics is developing a photosynthetic algae biofuels program. This venture includes more than $300 million invested in Synthetic Genomics specifically and $300 for other projects Venter is developing. This investment should cover five-to-six years of research.

Now, I should clarify, that the partnership is with ExxonMobil Research and Engineering Company (EMRE) just like ExxonMobil Chemical Company is working with Electrovaya to produce the Maya 300. It’s not unusual for the oil companies to use or create offshoot companies for their renewable energy investments. For example, Valero, which has been extremely active in biofuels investments now has a division branded as Valero Renewables.

As reported by Earth2Tech, Emil Jacobs, vice president of R&D for Exxon’s Research and Engineering Co., said in a call with reporters that it will likely take billions of dollars in additional investment to commercialize the technology for distribution in Exxon’s existing infrastructure. Within 5-10 years, Jacobs expects the project to be producing “large quantities” of transportation fuel.

Today, the oil industry has become a player in the auto industry. ExxonMobil is launching the Maya 300, a lithium-ion battery powered car that can drive up to 120 miles on one charge yet has the look and feel of a gasoline-powered car.

This announcement comes on the heels of a whirlwind of investments by the oil industry to help position them as players in the biofuels industry. Many oil companies have either purchased ethanol or biodiesel plants and/or made investments in cellulosic technology and development companies. Does this announcement set the stage for the rise of other players to take over the helm of U.S. auto industry?

The Maya 300 was developed in conjunction with Electrovaya, a pioneer in the development and manufacturing of Lithium Ion SuperPolymer battery systems. The two companies have worked together to, “develop the innovative urban vehicle that will be a ‘game changer’ in advancing transportation alternatives.” ExxonMobil actually developed the lithium-ion battery separator film and was the first company to introduce the lithium-ion battery in 1991.

Late in the Bush administration, the president lifted an executive order banning offshore drilling. A few months later, facing skyrocketing gas prices, Congress allowed a congressional moratorium, dating back to 1982, to lapse. Offshore drilling has been blatantly polarizing national politics ever since.

Oil exec calls for a carbon tax, bush protects marine areas and Obama wants to double renewables - and that’s not all of it!

ExxonMobil, which has been hit before with environmental charges, will pay a $6.1 million penalty for failing to comply with pollution regulations in refineries in California, Louisiana and Texas. The company had agreed to reduce pollution in four refineries in those states, but came up short.

It was a glorious summer for the giant of oil giants. Record prices for petroleum and so record prices at the pump unsurprisingly have retained ExxonMobil’s righteous crown as the most profitable company in the world: $14.8 billion in profit this past quarter.

According to the New York Times, Exxon has exceeded $10 billion in profit in nine of the last 12 quarters. Earlier this year, in the second quarter, the company posted a then-record profit. In the third quarter, Exxon reaped an increase of nearly 60 percent beyond that, setting yet another record while dropping its production by 8 percent for the quarter.

Billboard, television and magazine advertising has been touting green this and green that for a while. I find the ones by companies such as BP and Chevron to be the most questionable, if not outright ridiculous.

In the October 2008 Atlantic magazine, as no doubt in many others, BP runs a full-page ad that says, “Investing in America’s most diverse energy portfolio.” It includes little clip art silhouettes for an oil drop, a gas flame, a wind turbine, the sun and a green plant, triggering our cutesy awwww factor. Then it says:

“Oil in the Gulf. Natural gas in the Rockies. Solar in Maryland. Wind in Texas. Biofuels research in California and Illinois. Diversity starts right here. BP is the largest investor in new U.S. energy development. In fact, over the last five years we’ve invested more than $28 billion in U.S. energy supplies.”

They are providing some concrete details for sure. Now is it true? (And, cynicism aside for a moment, if it is, will it do any good?)

Chevron’s annual stockholder meeting held at company headquarters in San Ramon, California, has become a magnet for criticism in recent years as environmental and human rights groups use it to voice their grievances with the company.

This year was no different, as protesters with HAZ-MAT suits and paper brooms labeled “Clean Up Chevron” greeted shareholders at the company’s front gate Wednesday morning. Inside the meeting, speakers from as far away as Africa told shareholders that Chevron has contaminated part of the Ecuadoran rain forest, subsidized the military regime in Burma and paid Nigerian soldiers who shot and killed protesters at a Chevron oil platform.

According to an article in Thursday’s San Francisco Chronicle, Chevron’s top executives rarely comment on these controversies, relying instead on lawyers and public relations specialists to present the company’s views. But Wednesday’s meeting was different, as there were several coarse exchanges between the activists and Chevron executives.

The oil giant ExxonMobil has acknowledged that funding organizations that deny the existence of climate change has made it harder for the public to accept their attempt at a “greener” image. Now, a report by the environmental group Greenpeace charges that we have every right to be skeptical: the company is continuing to pump millions of dollars into these same organizations that attempt to throw doubt on climate science.

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Many of us are doing our best to decrease our gasoline and fossil fuel consumption. While we recognize that it is an honorable personal virtue to do so, most of us also realize that it isn't very realistic, and is often more trouble than it's really worth, to incorporate over-hyped and performance-reducing alternatives into our hectic lives.