Exxon Splashes Big On Renewables

ExxonMobil, the world’s biggest public oil company that has
come under fire for concealing its knowledge about the effects of
the oil industry on climate change, is spending US$1 billion every
year to research renewable energy. Speaking with Bloomberg, the
company’s Vice President of Research and Development, Vijay Swarup,
said that Exxon is investing in over a hundred projects in up to 10
key research areas. “These areas are massively challenging, and if
we can solve those, they will have huge impacts on our business. We
bring…

ExxonMobil, the world’s biggest public oil company that has
come under fire for concealing its knowledge about the effects of
the oil industry on climate change, is spending US$1 billion every
year to research renewable energy. Speaking with Bloomberg, the
company’s Vice President of Research and Development, Vijay Swarup,
said that Exxon is investing in over a hundred projects in up to 10
key research areas. “These areas are massively challenging, and if
we can solve those, they will have huge impacts on our business. We
bring…