One of the world’s biggest oil companies is pumping more than $1bn (£763m) a year into alternative forms of energy from algae engineered to bloom into biofuels and cells that turn emissions into electricity. The funds from Exxon Mobil are for more than a hundred of research projects on environmentally-friendly technologies in five to 10 key areas, according to Vice President of Research and Development Vijay Swarup.
One of the world’s biggest oil companies is spending $1bn on renewable energy
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