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One by one, big oil firms have touted their investments in algae biofuels as the future of low-carbon transportation – and one by one, they have all dropped out. Now in the wake of the last remaining algae proponent, ExxonMobil, announcing its withdrawal, insiders say they are disappointed but not surprised.
Algae has tremendous promise as an alternative fuel. But Exxon’s pullout from algae research is a major setback.
Insiders aren’t surprised as ExxonMobil, the last remaining proponent of green algae biofuel, ends research
Oil giant ExxonMobil’s decision to abandon its 14-year, multimillion-dollar support for research into making fuel from algae ended years of funding for projects at the Colorado School of Mines and the...
Funding at 27 universities can shift not just research agendas, but also policy in the direction the industry prefers, report says