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:: Saturday, October 29, 2005 ::

Alternate energy not in cards at ExxonMobil
ExxonMobil, which stunned Americans on Thursday by reporting nearly $10 billion in profit for the third quarter, says it has no plans to invest any of those earnings in developing alternative or renewable energy - something other oil companies do.

"We're an oil and gas company. In times past, when we tried to get into other businesses, we didn't do it well. We'd rather re-invest in what we know," says Exxon spokesman Dave Gardner.

:: Jim Nichols 10/29/2005 01:35:00 AM [+] ::
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