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8/1/2016 Exxon Made Deep Cuts in Climate Research Budget in the 1980s | InsideCiimate News
He said that $150,000 a year "should be sufficient to
do this."
Exxon's annual research and development budget at
the time was more than $600 million, according to a
speech by Exxon Research & Engineering chief Ed
David at a 1981 Exxon R&D symposium in San
Francisco. The company's exploration and capital
budgets amounted to $11 billion.
The Natkin memo augured the dismantling of the
crown jewel of Exxon's early research on climate
change: a seagoing field experiment into the ocean's
absorption of carbon dioxide emissions from the
burning of fossil fuels. Once envisioned as an
expanding, multiyear effort, it was terminated in
1982, another memo confirmed.
e^on research and engineering company
OUANE a. LEVINE, Dlrvdor
CORPORATE RESEARCH
SCIENCE LABORATORIES
ROQER W.COHEN, Olractor
Thtoratlcil •nd Mithamatkcl SoUncti Laboralory
Juty 14., 1982
P.O. BO«4S.LI^.N.J. QIOM
Mr. Peter Kimon
Exxon International
Tanker R&D Division
PA 222/B320
Dear Peter:
This is to advise you that the CO2 Greenhouse Project on board the
"Vs Esso Atlantic" has been terminated.
Click to view the full document.
Another innovative proposal to test the carbon
dioxide in old vintages of fine French wines also fell
by the wayside.
An additional internal document, this one an
October 4,1985 update presented by Brian
Flannery, Exxon's top climate researcher, showed
that Exxon's budget for C02 research in 1985 and
1986 would be no more than $250,000 each year.
That was to cover professional work by Exxon
employees, payments to consultants or contractors
for research, travel and miscellaneous expenses,
App. 577
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