Oil Companies All Talk, Little Action on Renewable Energy

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[...]London's Daily Telegraph reported last week that "[c]ompany records for 2008 show that ExxonMobil gave $75,000 to the National Center for Policy Analysis (NCPA) in Dallas, Texas and $50,000 to the Heritage Foundation in Washington. It also gave $245,000 to the American Enterprise Institute for Public Policy Research in Washington." Similarly, ExxonMobil has devoted millions to ad campaigns touting clean energy without actually investing significantly in renewable energy. In 2007, for example, ExxonMobil spent $100 million on advertising and "green-washing" campaigns in an attempt to exaggerate its commitment to renewable energy. Meanwhile, ExxonMobil spends just $10 million per year on renewable energy research -- a tenth of the amount it spent talking about investing in clean energy. This latest evidence of ExxonMobil's continued opposition to clean energy comes less than a month after the American Petroleum Institute released a report revealing just how little the top Big Oil companies invest in renewable energy -- and how far they'll go to claim otherwise.

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