My, they really do seem to be insistent upon being allowed to boil the planet, don\’t they?
Gene scientist Craig Venter has announced plans to develop next-generation biofuels from algae in a $600m (£370m) partnership with oil giant Exxon Mobil.
That\’s one heck of a lot of money to be putting into pure research (for that is what this is).
It\’s also an entirely sensible way for them to spend their money.
I\’ve never really understood why there is this call for companies like Exxon to invest in wind or solar: they simply aren\’t their area of expertise. Sure, they\’re a large company with pots of cash, but they bring no added value to those sort of renewables.
However, algae can indeed be tweaked to produce something akin to crude (the experimentation here is in how to scale up such known processes) which can then be fed through the standard refinery and distribution network: exactly where they do have some value to add.
I wonder what the reaction is going to be from various greens. Will any of them applaud this? Or condemn it?