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Exxon Is Spending $1 Billion Per Year On Green Energy


Exxon's environmental history isn't exactly a green one. The massive oil company may have single-handedly "set back all of humanity," according to The Hill, and is known for having denied climate change for decades. It's been in multi-billion-dollar lawsuits over environmental damage, and has allegedly attempted to suppress shareholder views on the threat of climate and the company's involvement in exacerbating it. 

It may come as a surprise, then, to learn that the company has been spending big on environmentally friendly technology. Every year, Exxon pours $1 billion into hundreds of green energy projects in 10 key areas, including algae biofuels, biodiesel made from agricultural waste, and more efficient ways of refining crude oil. That's right: Exxon is not only investing big money into green energy, but they're also a great example of how companies can transition into renewable spaces and make better choices for the environment, no matter their industry.