Lobbying Against Renewables

Renewable energy production is growing every year. We continue to build wind farms and solar energy plants. Hybrid vehicles are taking up more and more space on the roads, and there is an increasing amount of research into next generation biofuels from the likes of algae and jatropha. While the big international oil companies like Exxon Mobil, Shell, and BP have talked a good game when it comes to renewables, every year they spend millions of dollars in Washington lobbying against them.

Robert Wilder – manager of the WilderHill stock indices, which tracks clean energy stocks – discussed with us what the oil companies are doing and why. [vimeo]http://vimeo.com/10805832[/vimeo]