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Exxon Quietly Researching Hundreds of Green Projects

  • Oil major unlikely to commercialize projects in next decade
  • Company is focusing on basic research in laboratories
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The Coming Storm of Climate Change

Corrected

One of the world’s biggest oil companies is working on hundreds of low-carbon energy projects, from algae engineered to bloom into biofuels and cells that turn emissions into electricity.

The work by Exxon Mobil Corp. includes research on environmentally-friendly technologies in five to 10 key areas, according to Vice President of Research and Development Vijay Swarup. While any commercial breakthrough is at least a decade away, Exxon’s support for clean energy suggests the world’s most valuable publicly-traded oil company is looking toward the possibility of a future where fossil fuels are less dominant.