1. ConocoPhillips pledged $22 million to help Iowa State University develop fuels out of corn and switchgrass.
2. The company unveiled a joint venture with Tyson Foods to produce diesel fuel out of animal fat. The venture will operate on a break-even basis and only then as a result of a $1-a-gallon federal subsidy. The project will be a learning experience leading to other alternative fuel initiatives down the road
This is ConocoPhillips' moral and financial contribution to reduce the environmental damage we perpetrate on ourselves. It will burnish the company's image and simultaneously create avenues for future alternative profit. When will everyone of us be thus involved, even if only for profit?
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