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Oil Firms Invest in Alternate Energy Per Library Study
New York Times Service reports a Library of Congress study showing seven major oil companies including Exxon Texaco Mobil Standard Oil of California Gulf Standard Oil of Indiana and Shell investing in oil shale tar sand uranium coal solar and geothermal energy. The FTC has examined some activities but findings differ from the library study. Senator Abourezk previously pushed to bar oil firms from owning other energy assets amid debates on monopoly and integration. Phoenix Associates cautioned results are preliminary and fragmentary.
MENTIONED IN THIS ARTICLE
New York Times Service
Washington
Library of Congress
Congress
Senate Judiciary Committee
New York Times
John
E. Moss
D-Calif
Exxon
Texaco
Mobil
Standard Oil
California
Gulf
Indiana
Shell
Gulf and
Standard of Indiana
Actif
Standard of al
Fornia
Federal Trade Commission
FTC
James Abourezk
D-S.c