In reality, all of the companies are putting more and more resources toward dirty energy sources that were never before accessible – or never before considered acceptable. With limited regulation and oversight, and with plenty of subsidies and tax breaks, all of the companies discussed here are upping their oil and natural gas antes by drilling deeper than ever into the oceans (including Exxon in the Russian Arctic), increasing operations in the Canadian tar sands, dramatically expanding hydraulic fracking in ever-more parts of the U.S. and the world, and – with the exception of ConocoPhillips – hunting and drilling for oil in Iraq and/or Kurdistan. It all makes perfect sense, if you go by what Exxon vice president J.S. Simon told Congress in 2008: "The pursuit of alternative fuels must not detract from the development of oil and gas."
Read more:
http://www.rollingstone.com/politics...#ixzz2qyr9DkvG