I have to admit I was a skeptic when Conoco Phillips purchased the old Storage Tech campus and touted renewable energy research as a main component of business at the site. However, now they are using the economy as an excuse to scuttle those plans for renewables. I have to admit it was a good strategy. When people mentioned the Conoco Phillips move to Louisville, they always included the renewable energy boon to the area. It made the move a good sell. Big oil sometimes dredges up thoughts of neighborhood gas refineries similar to the Commerce City site. I hope that Conoco Phillips proves me wrong and gets back to the renewable energy plan.
Was there a story about this in the Camera that I missed? I’d be interested in reading more about this issue. Have they scrapped the research side altogether?
On Tuesday, November 11, the Camera released a story entitled “ConocoPhillips’ project a go”. They plan to scale back on renewable fuels, but the campus plans are still moving on.
Chairman and CEO James Mulva cited the credit crisis as part of the reason to postpone more investment in renewable fuels.