BP, the third largest US wind generator, will still invest $5bn over seven years into alternatives, with more focus on advanced biofuels. Shell spent $1.7bn over five years to reduce its carbon footprint. Chevron invested $3.2bn into renewables since 2002 and is the world’s largest geothermal energy provider. By contrast, Exxon’s $1.5bn in spending over the last two years was focused on energy saving. That provided few photo-ops for its annual report.
Exxon to make biofuels from algae: not as bizarre as it might seem (FT Energy Source)