To write a news release( Exxon mobile- new plan to invest 75% of Essay

To write a news release( Exxon mobile- new plan to invest 75% of profits into development of alternative energy source) - Essay Example 2008 will be the start of a new era for the energy industry and ExxonMobil will be taking the lead and showing other companies the way to do it. [Body] The world is hungry for fuel and ExxonMobil has been proud to supply oil, gas and petroleum for much needed industrial development across six continents. These services will carry on while the company and its affiliates engages in a radical transformation process over the next two decades. Their first commitment is to reduce exploration for fossil fuels in the next 10 years and explore instead alternative energy sources. The ExxonMobil world renowned research and development facilities are engaged on a rapidly expanding programme that explores every avenue of sustainable and renewable energy sources. Aside from the hybrid car types that are already well on the way to commercial success, there are plans to harness the earth’s own massive power which is currently locked into the wind, the waves, and geo-thermal sources. Many people are urging the politicians and the industrialists of the developed world to rethink priorities and create a new blueprint for energy provision. In collaboration with the government ExxonMobil is stepping up to this challenge. They have worked out a plan to invest a staggering 75% of their own profits along with some federal tax credits into the EarthSafe initiative. This demonstrates a deep commitment to the future of the whole planet which ExxonMobil sees as a far more worthy goal than short term profits. They are determined to leave a legacy of fossil-free energy provision within the next 20 years. The next generation will benefit from this exceptional leadership now, and Exxon Mobil is calling on other fossil fuel companies to join with them in this bold move. Strategic planning director Jim Witson said today that â€Å"out of these courageous beginnings a tremendous new chapter will soon be underway. We are making a historic pact with the planet, and we do