RM120,000 Research Grant

Big News, Big News!

ExxonMobil has donated a total of RM120,000 to 4-Universities as grant to help the universities to pursue researches.


Each of the university will receive RM30,000 (USD8,500). The four universities are: Universiti Malaya (UM), Universiti Kebangsaan Malaysia (UKM), Universiti Sains Malaysia (USM) and Universiti Teknologi Mara (UiTM).

Malaysians must be thankful for such a generous donation from an international oil corporation who earns more than USD20 billion profit per annum.

Esso said the grants would help in the pursuit of high quality research and development activities. "From an initial 12 proposals from local universities, four of the best, relevant to the oil and gas industry in Malaysia, were selected."

Em, USD8,500 to do research....em, relevant to oil and gas researches... ???


Schools get grant from Exxon-Mobil program.

Nov. 2, 2006--Exxon-Mobile had provided US$3,000 in grant money for six Bay County schools.

Exxon-Led Group Is Giving a Climate Grant to Stanford

Published on Thursday, November 21, 2002 by the New York Times

Four big international companies, including the oil giant Exxon Mobil, said yesterday that they would give Stanford University $225 million over 10 years for research on ways to meet growing energy needs without worsening global warming.

Exxon Mobil, whose pledge of $100 million makes it the biggest of the four contributors, issued a statement saying new techniques for producing energy while reducing emissions of heat-trapping greenhouse gases were "vital to meeting energy needs in the industrialized and developing world."


Greening the World or 'Greenwashing' a Reputation?

January 10, 2003, Friday
By GOLDIE BLUMENSTYK
Copyright 2003 The Chronicle of Higher Education

The Exxon pledge looks like a lot of money, but to a company of that size, it's like "the paper-clip budget," says Peter Altman, director of Campaign Exxon Mobil, an investor group created by religious organizations that is pressuring the company to deal more directly with global warming. The sum promised to Stanford, he notes, is just one-tenth of one percent of the $100-billion Exxon says it plans to spend on oil exploration in the next decade.

"A Humble Start. A Powerful Entity." (www.exxon.com)

As of 1998, Exxon had a business presence on every continent except Antarctica, employed some 79,000 people and had ownership in 31 refineries in 17 countries. The company operated coal mines in the United States, South America and Australia, as well as copper mines in Chile, while being managed by a group of officers who are also the major shareholders.

With the merger with Mobil, the powerhouse combination would make Exxon-Mobil the 18th largest economy in the world, with revenues of more than US$180 billion a year. In simpler terms, if "Exxon-Mobil were a nation it would have a larger economy than Denmark, Finland, Austria and Greece. Exxon-Mobil will be 50 per cent larger than the next largest oil company, giving it unprecedented power to squash competition and it will have operation in more than 150 countries. In over 125 of those countries, Exxon-Mobil's revenues are bigger than the country's Gross Domestic Product, making it almost impossible for governments to regulate Exxon-Mobil's activities." (www.citizen.org) Exxon-Mobil will have enormous economic and political power and will slash between 9,000 and 15,000 jobs in the merger. "Combined, Exxon and Mobil gave over $700,000 to Congressional candidates in the last election and together the two companies have history of human rights abuses and opposition to environmental standards--together they could effectively block any environmental or human rights laws in many countries." (www.citizen.org)