Your thoughts on Exxon Mobil investing 1 percent of its profits on alternative energy.

It is a huge smoke screen. They are not ready to share the money out there to be made. There is no way ExxonMobil is TRULY committed to finding alternative fuel sources.

As much as I hate to say this, Exxon simply pushed the envelope on just how much money can be made in a free enterprise. I feel it at the pump like everyone else, but they really owe us nothing.

We can simply hope that some of the executives get a heart and ACTUALLY try to make a difference, but I won't hold my breath.

Well common business sense dictates that the money be re-invested,as far as seeking alternative energy,I have to say it,but Exxon and Shell and all the other companies in oil are in the "OIL" business.Alternative energy solutions will be sought out by the mother of invention and are funded by Government and private groups already.I'm amazed at how many people dont ask what they had to pay in taxes already for their windfall profit.Ill bet it was more than the profit itself.

First of all to everyone saying it is no body's business what exxon does with the money. Last time I checked Exxon's stock was traded on the open market, so that makes them a public company. Being a publicly traded company they are responsible to their shareholders. Funny thing is there is not one single share holder of Exxon stock. With enough stock to have a say over anything the ceo or board of directors does. So basically you have a company whose owners have no say in how the company is ran.

As to investing 1 percent in alternative energy. They are totally against anything but oil.

Where is it required that someone spends their profits on something that would put them out of business? Exxon made record profits but do you realize they paid three times as much in taxes. Maybe Government should give some of that back so they can invest it?

The companies insist they're trying to find new oil that might help bring down gas prices, but the money they spend on exploration is nothing compared with what they spend on stock buybacks and dividends.

http://news.yahoo.com/s/ap/20080721/ap_on_bi_ge/oi...

The five biggest international oil companies plowed about 55 percent of the cash they made from their businesses into stock buybacks and dividends last year, up from 30 percent in 2000 and just 1 percent in 1993, according to Rice University's James A. Baker III Institute for Public Policy.

Wow... $450,000,000 on alternative energy, and look at all the unappreciative whiners who can not get one good word out of their mouth to acknowledge the development of energy we need. It shows the true colors of the anti-capitalists. Alternative Energy as a cause is just a scheme to control more of peoples labor ($$$) to put toward income redistribution.

It's bad enough that the oil supply is in so few hands. I don't want oil fascists controlling alternative energies, too.

I'd rather see an Energy Research Agency opened under the DOE that hires engineers, scientists, etc. to develop alternative energy technologies. The govt. has no choice but to be involved since alternative electricity sources will need to be connected to the power grids in the different parts of the country. Transporting electricity from windmills across the midwest to Los Angeles and New York will take a major govt. upgrade to the US electric grids connecting them.

Any forward-looking energy company should be deeply invested in alternative energy. Too often the petro-giants only think about extracting every last drop of oil and selling it at the best price they can get. They want to develop Iraq's untapped fields and to open more off-shore areas to exploit, and I think will retard any alternative and renewable sources until they have fully exploited all reserves.

Well it's disturbing but at the same time hopefully someone outside the oil monopoly strikes it rich in finding a very useful alternative energy source.

Drive these ***** out of business.

Many of the stock holders are democrats- true. John Kerry alone holds 250K.with Exxon Mobil.