Marvin Odum, the new president of Shell Oil, the second largest oil company, said that Shell would be investing big in alternative energy today on ABC news. How big is big? More than their reported net profits of $27 billion. Incredible. I did a blog that did the math for the percentages that have been offered up by the top 5 oil companies in the recent past. It didn’t amount to a hill-of-beans compared to net profits.
But Shell is stepping up to the plate with the largest investment in alternative energy so far by the oil industry. Odum said it was historic. I would say so. Shell will invest $35 to $36 billion dollars yet in 2008.
Yesssss! With this mindset, and example, we may just clean up yet.
http://abcnews.go.com/GMA/story?id=5632698&page=1
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