$600 million followed by billions more? That's not chump change, even for Exxon, and it might be a big enough amount to convince some environmentalists that Exxon is finally moving to renewables. Kert Davies, a research director at Greenpeace, said, "I'm guarding my optimism." It's a confusing time for oil/energy giants and their non-oil divisions. Recently, BP reduced the size of its alternative energy division.
Craig Venter founded Synthetic Genomics in 2005 to produce energy sources from modified microorganisms and has dabbled in making hydrogen and ethanol from organisms. Venter is also interested in using DNA to make gasoline, as he once explained to Stephen Colbert.
[Source: New York Times]
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