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...what about alternative energy? Sept. 11 may not make the shift away from oil happen any faster, but companies such as BP and Royal Dutch/Shell are still taking incremental steps to move beyond their core oil businesses into more production of natural gas and "green energy...
...Wednesday?s paper, the New York Times almost helpfully put another story atop its business section. "Some Energy Executives Urge U.S. Shift on Global Warming," went the headline, and the gist of the story was that the same energy companies casually vilified as Bush?s corrupters by poll respondents - BP Amoco, Enron, Royal Dutch/Shell - have actually begun making major moves to reduce greenhouse-gas emissions on their own. And they?re wondering when Bush is going to catch...
Some of it, though, is coming back. Big Danish firms such as Vestas are building turbine factories in the U.S. The two largest solar-device manufacturers on American soil are British-owned BP Solar and German-owned Siemens. Ownership may be foreign, but American workers benefit...
...Motors and American Electric Power are also experimenting with carbon trading and clean fuels, they seem at the moment to be motivated more by the threat of boycotts by international environmental groups than by market economics. The interest in renewables on the part of such big oil companies as BP and Shell, on the other hand, "has gone beyond window dressing," says Vince, the British wind-power executive. "They can see the future of energy. For them, it's business." And that may be the best evidence that renewable energy's future has finally come...
...industry is not monolithic. Enron, for example, which has close ties to the Bush administration, is heavily invested in natural gas, and they're member of the Pew Foundation, which means they sign onto the science of global warming and the search for ways of meeting the Kyoto targets. BP has a heavy investment in energy alternatives. There's a lot of support in industry for doing something reasonable to address climate change. Industry is not that reluctant to sign on as long as the playing field is level. It's difficult for Ford...