Documenting Exxon-Mobil's funding of climate change skeptics.

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FACTSHEET: Stanford University GCEP,

DETAILS

ExxonMobil invested $100 Million in Stanford University's Global Climate and Energy Project in 2002

On November 20, 2002 Exxon Mobil announced it would give $100 million to a "groundbreaking Stanford University project dedicated to researching new options for commercially viable, technological systems for energy supply and use which have the capability to substantially reduce greenhouse emissions." Other corporate sponsors fo The Global Climate and Energy Project included General Electric and Schlumberger.  E.ON, "Europe's largest privately owned energy service provider" was also expected to sign on. (Exxon press release: http://www2.exxonmobil.com/corporate/Newsroom/NewsReleases/xom_nr_201102.asp)

KEY DEEDS

20 November, 2002
In December 2002, Exxon announced the Global Climate and Energy Project (G-CEP) at Stanford University in partnership with General Electric and Schlumberger and other corporate partners to follow. Exxon committed $100 million over 10 years. The project is not intended to further explore climate science, instead focusing on development of new energy technology and carbon sequestration technology.
Source: Exxon GCEP press release

FUNDING

Stanford University GCEP has received $100,000 from ExxonMobil since 1998.


$$100,000,000 Exxon Corporation
$10 million annually for 10 years to GCEP project
Source: Exxon GCEP press release

2001
$10,000 ExxonMobil Foundation
Center for Research on Economic Development and Policy Reform
Source: ExxonMobil 2001 Worldwide Giving Report

2002
$90,000 ExxonMobil Foundation
energy policy studies
Source: ExxonMobil 2002 Worldwide Giving Report

KEY PEOPLE

Brian Flannery
Exxon point person on GCEP project
Source: Exxon GCEP press release

PEOPLE

Henry A. McKinnell, Jr.
Chairman, Stanford University Graduate School of Business Advisory Council
Source: Proxy Statement 2004, ExxonMobil Corporation, May 26th, 2004

SOURCES

ExxonMobil 2001 Worldwide Giving Report
Public Information and Policy Research
http://research.greenpeaceusa.org/?a=view&d=4388

ExxonMobil 2002 Worldwide Giving Report
Public Information and Policy Research
http://research.greenpeaceusa.org/?a=view&d=4386

Proxy Statement 2004, ExxonMobil Corporation, May 26th, 2004

Exxon GCEP press release
http://www2.exxonmobil.com/corporate/Newsroom/NewsReleases/xom_nr_201102.asp