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Tillerson on cap and trade: volatile prices, too much complexity

Exxon Mobil Corp. Chairman and CEO Rex W. Tillerson gave a detailed critique of cap-and-trade on Thursday saying that the price volatility of the system will “carry a heavy cost for both the economy and the environment.” Speaking at the Economic Club of […]

The Alternative Agenda: BP, Exxon, Italian Solar and Solar By The Bay

BP Oil Spill: Progress In The Gulf All eyes will be on the Gulf this week, closely following BP’s latest attempt to squash the massive spill. The British oil company announced over the weekend that it would be installing a tighter cap over […]

Exxon Mobil Confirms Dominance of Fossil Fuels with $31B XTO Acquisition

Today Exxon Mobil announced this year’s largest energy deal with its acquisition of XTO Energy, a domestic developer of natural gas, in an all-stock deal valued at $31 billion. Wit the acquisition Exxon bolsters its natural gas reserves and it also confirms the […]

Carbon Capture and Storage is a Flop… No, Its A Success!

Will carbon capture and storage ever work? Fat chance, according to Exxon Mobil?s Energy Outlook, which noted that its high cost and the need for a regulatory framework ?presents significant challenges? beyong government-subsidized projects? in the next two decades. Pretty sour. Actually, it […]

Why The Rush of Cleantech Deals All of a Sudden?

Happy news all around. The labor market showed signs of recovery this morning, with the rate of job losses slowing to almost zero in November, and the financing environment for cleantech looks to be improving by the day. Yesterday we saw Hudson Clean […]

November Top Ten Players in Green Energy: Nos. 1-5

GER’s ranking of the top ten players in green energy for the month of November are out! There are some new entries in our monthly ranking (Wilbur Ross, former BP exec. Vivienne Cox, Warren Buffet…) and some holdovers from the October ranking, (Exxon CEO […]

Warren Buffet: Going Long on CO2

Yesterday, Warren Buffet‘s Berkshire Hathaway increased its stake in Exxon Mobil, buying some 1.28 million shares in the Texas oil and gas company. The stake was valued at about $87.6 million at the end of the third quarter. Albeit much smaller, the investment […]

He Said it Again: Exxon CEO Rex Tillerson Wants a Carbon Tax

Exxon Mobil CEO Rex Tillerson urged (again) for a tax on carbon rather than a market friendly cap-and-trade system, arguing that it would ensure predictable, transparent cost on greenhouse gas emissions. But as GER argued, Tillerson’s – an unabashed anti-regulation, free marketer — pro tax […]

Royal Dutch Shell Backs Global Price on Carbon

Royal Dutch Shell’s recently appointed Chairman, Jorma Ollila (he’s also chairman of Finnish telecom giant Nokia) told a group of journalists in Washington last week that a global agreement on the price of carbon should be one of the key takeaways of the […]

More on Exxons Tillerson and The Carbon Tax

WSJ’s Environmental Capital, riffing on our earlier post on Exxon Mobil head Rex W. Tillerson, poses an interesting question. If so many influential players support a carbon tax, can it be all bad? A movement, like the call for a carbon tax, that can gather […]