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Sugar Cane Grows on Big Oil as $71 Billion Bet Outspends D.C.

Bloomberg -- BP Plc (BP/) has invested $7 billion in alternative energy since 2005. Exxon Mobil Corp. (XOM) is spending $600 million on a 10-year effort to turn algae into oil. And Royal Dutch Shell Plc (RDSA) has been buying up sugar cane mills, plantations and refineries to make ethanol in Brazil.

In the U.S., Shell already produces small lots of so-called drop-in biofuels--engine-ready products that can replace gasoline from a plant in Houston that uses sugar beets and crop waste.

On the way to a renewable energy future, a funny thing has happened: Big Oil has become the biggest investor in the race to create green fuels, Bloomberg Businessweek reports in its May 14 issue. In the last decade, the industry says, it has put $71 billion into zero- and low-emission and renewable energy technologies.


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Submitted May 10, 2012 By: angel4me
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Sugar Cane Grows on Big Oil as $71 Billion Bet Outspends D.C. Back to Topics
REPLIES (newest first) Post a Reply
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99dakota
Champion Author Providence

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Message Posted: May 15, 2012 6:01:30 AM

ok
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honda0105
Champion Author Tallahassee

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Message Posted: May 15, 2012 5:49:34 AM

sugar cane is highly damaging to the environment in which it is grown. Would be better to grow sugar beets.
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honda0105
Champion Author Tallahassee

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Message Posted: May 15, 2012 5:46:41 AM

kimo: no surprise here. Maybe to others.
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sparky808
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Message Posted: May 11, 2012 1:35:16 PM

Thank you for posting.
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sydb7
Champion Author Atlanta

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Message Posted: May 11, 2012 8:32:39 AM

Is Big Oil trying to corner the Alternative fuels market??
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HawaiianGuy
Champion Author Idaho

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Message Posted: May 11, 2012 7:40:30 AM

Big Oil HAS to have something to screw the people with once all the crude is played out.
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nb52
Champion Author Grand Rapids

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Message Posted: May 11, 2012 6:18:14 AM

SWEET!
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bcok
Champion Author Los Angeles

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Message Posted: May 11, 2012 1:36:45 AM

Sounds like we're getting off oil and the sugar cane.
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2bigtanks
All-Star Author Akron

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Message Posted: May 11, 2012 1:15:51 AM

Car runs like crap but has sweetest exhaust in neighborhood.
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Quick68
Champion Author Columbus

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Message Posted: May 11, 2012 1:14:08 AM

The American people will have to make up that $71 Billion bet. Big oil & a corrupt government will never lose only taxpayers.
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AuntJaime
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Message Posted: May 11, 2012 1:12:20 AM

yipes
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livewire300
Champion Author South Carolina

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Message Posted: May 11, 2012 1:12:19 AM

Old...
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Jmac2008
Champion Author Missouri

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Message Posted: May 11, 2012 1:08:27 AM

old news.
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joezIN
Champion Author Gary

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Message Posted: May 11, 2012 1:07:07 AM

YA
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GasCzarCO
Champion Author Colorado Springs

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Message Posted: May 11, 2012 1:06:50 AM

Does big oil have a crystal ball?
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nomad228
Champion Author Columbus

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Message Posted: May 11, 2012 1:05:43 AM

they better diversify or they are gonna find themselves at loss when people finally start buying alternative fuel vehicles.but this does not help U.S. right now.
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etop8222
Veteran Author Reading

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Message Posted: May 11, 2012 1:04:28 AM

Hard to believe.
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Ron77095
Champion Author Houston

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Message Posted: May 11, 2012 1:03:23 AM

What!?
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LostToo
Champion Author Illinois

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Message Posted: May 11, 2012 12:57:43 AM

MMMMMMM Sugar kane...
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Raider44
Champion Author Allentown

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Message Posted: May 11, 2012 12:56:45 AM

Still don't like using any food stuff for energy.
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jkpsr
Champion Author New Jersey

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Message Posted: May 11, 2012 12:56:28 AM

Technology will give us freedom from imported oil!
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TBONE3
Champion Author Pennsylvania

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Message Posted: May 11, 2012 12:55:59 AM

Lots of talk but nothing positive from it.
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Buddy2264
Champion Author Tampa

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Message Posted: May 11, 2012 12:54:16 AM

No where puts a dent in their profits. I only hope they do not do like they have done in the past and buy up the patents and not use the new technology for the common good.
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gus8441
Champion Author Baltimore

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Message Posted: May 11, 2012 12:52:44 AM

options are always good
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KhelbenArunson
Champion Author Michigan

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Message Posted: May 11, 2012 12:51:44 AM

This sounds like massive big oil spin. Lets keep them out of alternative fuels. I want to be done with these companies when it is all over.
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jerej829
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Message Posted: May 11, 2012 12:49:49 AM

ok
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us4usa
Champion Author Missouri

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Message Posted: May 11, 2012 12:49:34 AM

Just stop burning corn...
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themaninthehat
Champion Author New Orleans

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Message Posted: May 11, 2012 12:43:20 AM

BP doing the right thing?!
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anascom
Champion Author Hamilton

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Message Posted: May 11, 2012 12:40:57 AM

good competitions to create alternatives to fossil fuel!
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bobdec
Champion Author Miami

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Message Posted: May 11, 2012 12:40:49 AM

Stop making Ethanol, it stinks
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vibdata
Champion Author Massachusetts

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Message Posted: May 11, 2012 12:39:28 AM

NatGas in cars. Burn it up. Cheap for now anyways.
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miser709
Champion Author Grand Rapids

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Message Posted: May 11, 2012 12:36:59 AM

Ethanol is not the answer.
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DEG
Champion Author Las Vegas

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Message Posted: May 11, 2012 12:35:52 AM

Ethanol is not the answer.
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Thomtec
Champion Author Nashville

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Message Posted: May 11, 2012 12:34:39 AM

Ok another option.
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jrsva
Champion Author Virginia

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Message Posted: May 11, 2012 12:32:32 AM

“Will [ethanol from sugar cane] be any more stable then corn ethanol when sitting in older engines and small engines?”

NO. Ethanol is ethanol, regardless of the source. Sugar cane has some advantages as a feedstock but the result is still a low-energy fuel with bad side effects.
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frostyWV
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Message Posted: May 11, 2012 12:30:24 AM

good
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thuathienhue
Champion Author Michigan

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Message Posted: May 11, 2012 12:29:34 AM

Okay, oil will someday run out.
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jem069
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Message Posted: May 11, 2012 12:29:26 AM

Ok
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Rageagainsttm
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Message Posted: May 11, 2012 12:29:24 AM

yes
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blk911
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Message Posted: May 11, 2012 12:28:56 AM

Looks like big oil wants to control that market to.
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regout
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Message Posted: May 11, 2012 12:28:12 AM

We will see.
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chuckwthompson
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Message Posted: May 11, 2012 12:27:41 AM

Time will tell.
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txkrb
Champion Author Texas

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Message Posted: May 11, 2012 12:27:13 AM

Better sugar cane than corn
I think I read where they can use the scraps etc from the sugar cane to make ethanol
Other questions remain, how much energy is required to make ethanol and how much water
I read where it take almost as much energy to make ethanol and is derived in the final product, that may be with corm and not sugar cane though
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abacus44
Champion Author Toms River

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Message Posted: May 11, 2012 12:26:53 AM

Even from sugar cane, it's still ethanol!

1. Does it take more energy to produce then it yields in fuel energy like ethanol from corn?

2. Will this cause enough of a shift in acreage planted to raise food prices as corn ethanol has?

3. Will it be any more stable then corn ethanol when sitting in older engines and small engines?At least our tax dollars can be saved.
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Jumpmaster82
Champion Author South Carolina

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Message Posted: May 11, 2012 12:21:49 AM

No plant derived fuel as efficient or clean burning as petroleum, but politics in this country stigmatizes oil, so why not divert attention to "alternative fuels" instead of drilling for our abundant oil resource right here at home?
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gamalerin
Champion Author Tampa

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Message Posted: May 11, 2012 12:19:57 AM

Do you think it's going to work for us ?
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NanaNJNJ
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Message Posted: May 11, 2012 12:18:44 AM

*
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crreed1
Champion Author West Virginia

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Message Posted: May 11, 2012 12:18:41 AM

go for it
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VetteFan
Champion Author Indiana

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Message Posted: May 11, 2012 12:17:17 AM

Keep alternatives viable.
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tedjm1
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Message Posted: May 11, 2012 12:17:08 AM

Sure, then they could lock up discoveries.
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