14 Dec '11, 1am

Oil Companies' Investments in Dirty Fuels Outpacing Clean Fuels by Fifty Times

Trend would be shifted with California’s Low Carbon Fuel Standard NRDC has long supported efforts by companies to invest in cleaner technologies. We have started tracking oil industry investments in renewable fuels such as advanced biofuels, down to the company level. In a new analysis , NRDC compares those investments to traditional investments in conventional oil production and even dirtier unconventional sources such as tar sands. For years, the oil industry has promoted itself as getting cleaner and investing in alternatives to oil. But when it comes to transportation fuels – still their main business – are oil companies truly going green and investing in cleaner alternatives to oil? NRDC to Oil Companies: “Actually, We Don’t Agree” Based on our research of the overall industry, our conclusions is a resounding “NO”. The oil industry as a whole has spent at least fifty ...

Full article: http://switchboard.nrdc.org/blogs/smui/oil_companies_inve...

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