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‘Earth Safe’ Plan Launched By Exxonmobil for the Development of Alternative Energy Source

Tuesday, November 1, 2016 10:38
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(Before It's News)

FOR IMMEDIATE RELEASE

IRVING, TEXAS (OCTOBER 29, 2016): The American Multinational Oil and Gas Corporation, Exxon Mobil has taken a humble initiative to invest 75 percent of its profits in a new plan called “Earth Safe” for the development of alternative sources of energy. According to the company, this new plan is expected to reduce the exploration for fossil fuel for more than 10 years. ExxonMobil will conduct a separate research and development for the “Earth Safe” plan. With this plan in full effect electric and hydrogen car engines will be manufactured in collaboration with Ford Motor Company and there will be certain practical uses of ethanol in cars. Moreover, the “Earth Safe” Plan will explore the use of wind, wave and geo-thermal generation of power for National Mass Transit System which will effectively replace the existing Amtrak rail road service.

This alternative energy source development plan has received support from federal government in the form of grant. Here are some facts related to the “Earth Safe” plan:

•    It will start with effect from 1st January, 2014
•    The goal of this plan is to be “fossil-free” within 20 years
•    ExxonMobil will call on other oil companies to initiate similar actions

The “Earth Safe” Talking Points include:

•    ExxonMobil should lead the way for this crucial plan
•    Fossil fuel based energy should no longer be viable
•    Profit should not stand before saving the world
•    On a long term basis, this plan will help the company grow
•    Federal tax credits will offset some of the reduced profit
•    It will create an impact on the balance of power and global politics
•    This a vital chance to compete with fast-developing nations such as China

With the “Earth Safe” plan in effect, the use of fossil fuel should lose its priority and a new alternative source of energy should be able to replace the existing use of fossil fuel. This initiative by ExxonMobil will not only help in averting environment degradation but is a step towards saving the Earth on the whole.

To find out more about this initiative by Exxon Mobil visit exxonmobil.com

Contact:
Company name: Exxon Mobil
Press Release Member: Jacob Fingeret
Ph: 973-769-9737
Email: jmf411@scarletmail.rutgers.edu

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