(Washington, DC) - As ExxonMobil announces $10.36 billion in profits for its second quarter, over half a million people are actively pressuring the oil giant through the Exxpose Exxon campaign to invest those profits in alternative energy that will help lower energy costs and secure America’s future.

“We’re not asking ExxonMobil to do anything its competitors are not doing,” says Shawnee Hoover, campaign director for Exxpose Exxon – a coalition of some of the nation’s largest environmental and public advocacy campaigns.

“Unlike other oil giants, ExxonMobil refuses to invest the profits it's making off the American consumer in renewable energy, which would lower energy costs, strengthen our economy, create jobs, protect public health and combat global warming. ExxonMobil is reaping the profits but ignoring the needs of the nation.”

In 2006, the federal government invested $351 million in alternative fuels, according to The Stella Group. If ExxonMobil invested just one week’s worth of its quarterly profit, it would more than double all federal spending on alternative fuels for 2006.

Shell has invested $1 billion in alternative energies with investments in wind, solar, biofuels and hydrogen. BP anticipates investing $8 billion over the next decade. Both oil giants and ChevronTexaco have acknowledged the problems of global warming and oil addiction.

In contrast, ExxonMobil argues that the U.S. should stop trying to become energy independent and funds ‘climate skeptics’ that confuse the facts and delay progress on reducing global warming pollution.

In the past year, the Exxpose Exxon campaign has educated millions of people, half a million of which are actively boycotting ExxonMobil, tying up its phone lines, protesting, adopting gas stations, and pressuring Congress to stop Big Oil handouts and secure alternative energy sources.

Since the campaign started, politicians have begun shunning the company to win elections, other companies have publicly distanced themselves from ExxonMobil, and ExxonMobil’s funding of global warming skeptics has entered mainstream discourse.

As the world’s largest and most profitable private oil company ExxonMobil has the power to use its technological know-how and massive resources to positively impact the availability of alternative energies and reduce global warming pollution, says Hoover.

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