Exxon scientists doubted algae biofuels, executives touted it anyway, WSJ says

In 2020, Exxon Mobil’s (XOM) scientists told the company’s top executives that the algae biofuels program was falling short of its stated goals, but a week later, Exxon told investors that algae could become a more prolific source of biofuel, Collin Eaton of The Wall Street Journal reports, citing documents reviewed by the Journal. The scientists did not agree with how the data was presented to investors and some documents show executives knew the $500M algae research project wasn’t meeting its goals outside the lab, people familiar with the matter and documents show.