EnergyFactor By ExxonMobil | Pespectives has a new home

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This week, we welcomed 200 elementary school teachers from around the country to the 2010 national Mickelson ExxonMobil Teachers Academy. We created this program in partnership with PGA golfer Phil Mickelson and his wife, Amy, to help teachers inspire student interest in math and science and help make U.S. students more competitive internationally.

Today, we announced a new rapid-response oil containment system that ExxonMobil, Chevron, ConocoPhillips and Shell plan to build for the Gulf of Mexico. The system – involving a $1 billion initial commitment from the sponsor companies — is unprecedented in our industry. It will provide pre-engineered, constructed, and tested containment technology and equipment to be deployed within 24 hours of a spill in the Gulf.


When we made the announcement last year that we had teamed with Synthetic Genomics Inc. to research biofuels from algae, we raised a lot of eyebrows. Many applauded our investment. Some were skeptical about our commitment. One year has passed, and I’m excited to say we’re entering the next phase of our program. Today, we announced the opening of a new state-of-the art greenhouse facility at the SGI headquarters in La Jolla, Calif.

ExxonMobil supports competition on a level playing field so that all companies – whether U.S.-based or international – are competing fairly on the same basis. And we support transparency and accountability in the oil and natural gas industry. But in the middle of the night just before the Fourth of July recess, Congressional negotiators inserted a provision into the Financial Regulatory Reform Bill that supports neither transparency nor fair competition.


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