The world’s largest publicly traded energy company is not making any bets on the environmentally friendly power sources now, and does not plan to any time soon.
Despite the growing popularity of renewable energy sources — top competitors like BP and Chevron Corp. dabble in it — Exxon Mobil Corp. has shied away from investing in solar and wind energy, arguing that the business is viable only with Uncle Sam’s help. The company says the economics of solar and wind energy don’t add up. And rather than spending on R&D to find a cost-effective solution, it plans to let others take the lead.
Exxon estimates solar and wind energy demand will grow at a 10 percent rate annually over the next 25 years, but only on the back of government subsidies and tax breaks to spur investment in cleaner, environment-friendly energy sources.
Strip out the handouts, and investing in wind and solar energy would be nonstarters, the manager of Exxon’s energy demand and supply forecasting division told Reuters last week. (more…)
Hundreds of ‘green volunteering’ activities are being organized in May to combat the stress and strains of modern living. In an attempt to improve the nation’s health and happiness you can volunteer outdoors at ‘taster sessions’ of the Green Gym. The sessions are listed at the end of this story.
May is Environment Month in the Year of the Volunteer. Events taking place this month include a day of mass volunteering across the Midlands and the South West, the crowning of the 500th volunteer pond warden and a big push (and pull) to save the bluebell, Britain’s favourite wildflower, from invasive weeds in Kew Gardens. (more…)
A property developer has launched an energy self sufficient block of flats in London. Yorklake Homes said the four flats generate all their own energy from non fossil fuels within the site boundaries.
Designed by Bill Dunster’s architecture firm, the main source of energy is a Swift silent wind turbine, one of the first domestically available near-silent wind turbines, it generates power at mains voltage. It was commissioned by Renewable Devices and supplied by Scottish and Southern Energy plc. When combined with solar panels it enables the development to generate as much electricity as it consumes. (more…)
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