Website review: Co-op America: Tell Exxon: Use your...
dgirlp discovered this in Business
•1 reviews since May 13, 2008
business
•coopamerica.org/takeaction/exxon/
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dgirlp discovered 2 months ago- Take action now to let Exxon know that as a consumer and investor, you think Exxon should shift its massive profits away from tar sands and oil, and increasingly to renewable energy. As gas prices spiral upward, ExxonMobil posted record profits for 2007: an astounding $40.6 billion in profits based on $404 billion in sales, and it looks like they are headed for obscene profits again this year, with $10.9 Billion in profits reported in just the first quarter of 2008. Exxon defends these profits by saying they spent $80 billion on developing energy sources between 2002 and 2006, with an additional $20 billion planned for 2008. However, almost none of this development money is going to renewable energy research and development that will break our oil addiction and create a secure and green energy future for the US.
