Saturday, March 10, 2007

Exxon sees oil, gas projects spending of $20 billion a year through 2011

Exxon sees spending of $20 billion a year through 2011

Mar 8, 2007

Exxon Mobil Corp. plans to spend about $20 billion annually through 2011 and start production at 25 major oil and gas projects over the next three years, the oil company said.

The projects will add about 1 million barrels of oil equivalent per day (BOEPD) to its base volumes when they reach their peak, Exxon Mobil said. The company was producing about 4.2 million BOEPD at the end of 2006.

Full news report here @ Reuters

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Bank Of America Commits $20 Billion To Renewable Energy

Bank Of America Commits $20 Billion To Renewable Energy

AER Staff, 08 March 2007

Bank of America Corp. has introduced a $20 billion, 10-year initiative that encourages the development of environmentally sustainable business practices through lending, investing, philanthropy, and the creation of new products and services.

According to the company, it will commit $18 billion in lending, advice and market creation to help commercial clients finance the use and production of new products, services and technologies.

See more from this news report at Alternative Energy Retailer

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