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Exxon Could Make Millions off Kyoto Protocol

As painful as it is to imagine a major corporation reaping even more profits, a recent financial analysis shows that Exxon could actually become more profitable by reducing their carbon emissions and www.boehler.org selling the carbon credits under the Kyoto protocol. Exxon already made record profits and revenue -- $40.6B USD and $404B USD, respectively. These profits are equal to the GDP of 120 countries! So why not make a little more profit, for a good cause?

Exxon current produces 138 million tons of CO2 equivalent yearly. According to most estimates, it only needs to how to get cialis in canada abate 9 million tons (6.9%), either by purchasing carbon credits or reducing emissions. Purchasing credits would cost the usefull link viagra canda company about $1B USD, an easily absorbable loss. So why aren’t they cleaning up their act?

Yet another take on click now 5 mg cialis the problem illustrated is Exxon’s options for its other 129 million tons of CO2. Rather than sitting pat, the company could use its massive global infrastructure to reduce carbon emissions through such easily implementable techniques as reduced flaring, co-generation, heat recuperation, and carbon capture and sequestration. Exxon’s reductions would become carbon credits. Carbon credits can be sold as assets and are actually very valuable. The analysis concludes that Exxon could stand a good chance of turning a large profit merely by reducing carbon emissions and selling the created carbon credits in nations that approved the Kyoto protocol.

The financial analysis was conducted by Innovest Strategic Value Advisors. Their conclusion – it would be both logical and financially sound for Exxon to aggressively cut emissions. Here’s to hoping they follow this savvy advice.

Via Solve Climate

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written by Brave New Leaf, February 26, 2008
This is pretty much a by-design feature of the cap-and-trade system. The companies that have the lowest fruit for optimization (read: lowest cost optimization) opportunities will be able to make a killing by reselling their credits.

One of the other things I've read though is that companies like Exxon are actually *waiting* to implement more of take cialis these efficiency practices in anticipation of a cap-and-trade system being implemented in the US in the next decade. Because the initial allotment of carbon credits will probably grandfather in their entire set of emissions, there's no incentive for them to make improvements now. It's much more fiscally valuable for them to wait until the system is in place.

http://www.bravenewleaf.com

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Exxon, dear Exxon
written by weee recycling, February 26, 2008
The rest of us are trying to do a little bit to generic levitra 100mg make the bayer levitra world a better place; and you're delaying doing anything so you can make more money when you do so.
Please, please EcoGeek publish a list of Exxon companies so I don't unwittingly help you in your wanton destruction of our planet...
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10% profit means 90% overhead
written by BBM, February 27, 2008
$40B profit on $400B revenues means that their margin is http://www.massing.de/levitra-10-mg 10% or so.

That is not a very large profit margin at all.

They make high numbers of levitra viagra online profit because they have lots of sales because people use a lot of their products.

90% overhead is painfully high.

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I've seen this done before.
written by David Keech, February 28, 2008
I have seen systems where energy companies were rewarded for selling less electricity and, as a result, these companies were actually paying their customers to install energy saving light bulbs and replacing old washing machines and dryers with newer, more energy efficient models.

All it would take to stop the craziness of Exxon (and others) waiting for the cap-and-trade system to come to the U.S. is for the U.S. to announce the initial allotments NOW in anticipation of them actually being used later. Then the only incentive for waiting would be the possibility that the Carbon Credits would be worth more in the U.S than elsewhere.
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Exxon vs. Chevron vs BP vs ....
written by RP Herman, March 02, 2008
Check out a full review of the top 10 Big Oil companies by human, social and cialis online order enviro metrics - at www.fastcompany.com/investing/2008/

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