In examining the best strategy to set forth in creating a “New Vision for Energy”, we would be remiss in not taking a close look at the corporate sector’s efforts to construct an agenda regarding climate change.

In acknowledging the need to address climate change BP, Chevron and ExxonMobil have set forth several initiatives and partnerships. All parties indicate their interest in lowering their carbon dioxide emissions with varying strategies as to how to accomplish this end. BP is dedicated to research conducted by Princeton University evaluating potential options for transforming energy use using existing technologies to reduce carbon dioxide emissions. Princeton and BP are joined in this effort with Ford Motor Company to support the Carbon Mitigation Initiative. An additional partnership has been established with Stanford University, where BP has sponsored $2 million for a three year research program that will evaluate the modern energy markets public policy facets. Chevron’s involvement with the CO2 Capture Project is an initiative with eight major energy companies, the Department of Energy, European Union and Klimatek. Finally, ExxonMobil has invested $100 million in the Global Climate and Energy Project, also led by Stanford University, charged with researching commercially viable energy supply technologies that will lower greenhouse gas emissions. An awareness of these initiatives and partnerships is integral in providing constructive insight as to how other sectors should move forward in executing their climate change strategies.