[Monty22002]

Tax loss. Good stuff to lose money on.

[UCANSEE2]

Good thing it was only other people’s money that they lost.

[UCANSEE2]

Gee... they could have invested that $100 million in drilling for oil and made a killing.

[SpaceBar]

They should fire the accountant that said it was profitable, but my suspicions say they gambled on some big government low-interest green money that never materialized.

[eddie willers]

If that surprises anyone here, they need to turn in their Freeper posting privileges.

[HiTech RedNeck]

It was not going to work without a copious water supply. Those H’s have to come from somewhere when making hydrocarbons. An efficient algae that would grow in sea water would have been a major coup here. I don’t think it ever happened.

[Irenic]

Carbon credits never took flight and that made pond scum just pond scum.

[Cowboy Bob]

If they had hired me, I could have helped them lose only $90 million.

[count-your-change]

I guess a swimming pool that turns green can no longer be considered an asset.

[IamConservative]

Disappointing. I love diesel motors, was hoping this algae stuff would work. Much smarter than turning our food into biofuel. I’ve owned a good bit of XOM stock for years. Pays dividends and rises predictably with the price of oil.

[pax_et_bonum]

I’ll bet they did the algae experiment for PR, knowing it wouldn’t work.

Honestly, I don’t know why they would even try; because of their success, Exxon will always be THE top target of capitalism-haters, no matter how much good they do.

[denydenydeny]

You could insert the word “quietly” into any sentence in the article. We won’t see this information in any MSM story.