Oil Companies Announce Green Fund–But There’s a Catch

craigshieldsPosted on November 5, 2016 Posted in Fossil Fuels

When it comes to oil company citizenship, this is probably about as good as it gets.  It’s a $1 billion investment in cleaning up some of the noxious byproducts of fossil fuel consumption, with a refusal to spend a nickel on the development of clean energy.

Hey, as we’ve seen so often over the past few decades, it could have been a heck of a lot worse.

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Tagged with: $1 billion investment in cleaning up some of the noxious byproducts of fossil fuel consumption, development of clean energy, oil company citizenship

One comment on “Oil Companies Announce Green Fund–But There’s a Catch”

1. marcopolo says:

   November 5, 2016 at 9:16 pm

   Craig,

   Over the last 30 years Western Oil companies, including Exxon, have spent hundreds of $ billions, even $ trillions, on alternate energy research. Most of the projects ended in failure as the technologies failed the test of commercialization.

   Some, like Chevron’s Geo-Thermal projects are continuing, despite having been long abandoned by governments.

   A fund to aid research into eliminating the more harmful effects of oil products is a good thing, and shouldn’t be an excuse for the usual collection of oil haters to demand impractical reductions of oil usage supported by long discredited rhetoric.