Steve Coll discusses what efforts, if any, Exxon is putting into the advancement of biofuel technology. The only criteria for Exxon was, "We won't invest in anything that requires government subsidies to be competitive. We won't invest in anything that won't offer returns consistent with the returns we can make from oil and gas. And we want to invest in anything that doesn't scale to really the whole global system or at least the whole national system 'cause we're not interested in small projects. We're too big to waste our time with small things."
Speakers:
Steve Coll, Author, Private Empire: ExxonMobil and American Power
Greg Dalton, Founder, Climate One
Read more about the event, Steve Coll: ExxonMobil and American Power.
Recorded: May 8, 2012
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