Energy and Environmental Security Require Integrated Policy Solutions

Energy & Environmental Security Require Integrated Policy Solutions
Public Policy Must Support Innovation, Competition & Free Trade

WASHINGTON--Jan 8 2009 --National and international energy and environmental security can be achieved through policies that support innovation, competition and free trade, Rex Tillerson, chairman and chief executive officer of Exxon Mobil Corporation (NYSE:XOM), said today.

In a speech to the Woodrow Wilson International Center for Scholars, Tillerson outlined the energy challenge facing America and the world: global energy demand is expected to be 35 percent higher in 2030 than it was in 2005 despite the current economic slowdown, efficiency improvements and growth in alternative energy sources such as wind and solar.

Providing energy to meet that demand, which is driven by economic expansion largely in developing countries, while protecting the environment will require development of all viable sources of energy and multiple technology breakthroughs, he said.

“Meeting our many energy challenges requires a multidimensional approach,” said Tillerson.

“We need to put in place policies that support an integrated set of solutions that help us find new energy supplies, increase energy efficiency, and discover the innovations that can address climate risks in the most effective manner. By combining energy, efficiency and environmental goals, integrated solutions help us develop and deploy new technologies at every point in the energy chain. In this way, we can meet our multiple energy challenges with multiple solutions.”

One example of a policy challenge provided by Tillerson is the current discussion about whether a cap-and-trade system or a carbon tax would be a more effective option for reducing carbon dioxide emissions.

A cap-and-trade system, which allows businesses to trade emissions allowances set by government, has problems with verification and accountability and requires new market infrastructure -- “a Wall Street of emissions brokers” -- as well as a costly and substantial expansion of regulatory and administrative oversight, he said.

“A carbon tax strikes us as a more direct, transparent and effective approach,” said Tillerson. It is easier to apply globally, avoids the establishment of new markets for trading emissions and new regulators to monitor them, can be implemented through the existing tax infrastructure and made revenue neutral to mitigate the impact on the economy.

“It is the most efficient means of reflecting the cost of carbon in all economic decisions -- from investments made by companies to fuel and product choices made by consumers,” said Tillerson.

Tillerson said Americans increasingly understand that there is no single answer to our energy, efficiency and environmental needs, as illustrated by public support and Congressional action in favor of lifting the moratorium on development of the country’s vast offshore oil and natural gas resources.

“Opening up U.S. supplies of oil and natural gas would boost our economy by simultaneously lowering the cost of energy, increasing employment and providing a new source of government revenue,” he said, referencing a recent study’s conclusion that developing areas of the United States that have been kept off limits would generate more than $1.7 trillion in new government revenue and create 160,000 jobs.

CAUTIONARY STATEMENT: This press release includes forward-looking statements. Actual future conditions, including growth in energy demand, energy supply mix, the impact of carbon tax or trading regimes, and the impact of new resource developments could differ materially due to changes in rates of economic growth; the development of new technologies or energy supply sources; future regulatory requirements and political events; demographic changes; and other factors discussed under the heading "Factors Affecting Future Results" in the "Investors" section of our website (http://www.exxonmobil.com/) and in Item 1A of our most recent Form 10-K.

Contacts ExxonMobilAlan Jeffers, 972-444-1107

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Seven New Alternative Energy Stocks Added, 21 Stocks Deleted from Ardour Global Alternative Energy Index(SM)

Seven New Alternative Energy Stocks Added, 21 Stocks Deleted from Ardour Global Alternative Energy Index(SM) in Quarterly Rebalancing --Two New Stocks in Ardour Global Index(SM) (Extra Liquid)

The Ardour Global Alternative Energy Index(SM) (TICKER: GIGL) will add 7 new components, effective 9:00 AM (EST) Monday, December 22, 2008. 21 stocks will be deleted from the index, changing the number of index components to 109. The changes result from the index's quarterly rebalancing.

NEW YORK, Dec 09, 2008 -- The Ardour Global Alternative Energy IndexSM (TICKER: GIGL) will add 7 new components, effective 9:00 AM (EST) Monday, December 22, 2008. 21 stocks will be deleted from the index, changing the number of index components to 109. The changes result from the index's quarterly rebalancing.
Additions to AGIGL are: 5N Plus (TICKER: VNP CN); Badger Meter Inc. (TICKER: BMI US); Energy Recovery Inc. (ERII US); Consolidated Water (TICKER: CWCO US); Covanta (TICKER: CVA US); Iberdrola Renovables (TICKER: IBR SM); Manz Automation AG (TICKER: M5Z GR).
Deletions from AGIGL are: Arise Technologies Corp (TICKER: APV CN); Aventine Renewable Energy Holding (TICKER: AVR US); Bioteq Environmental Tech Inc (TICKER: BQE CN); C&D Technologies Inc. (TICKER: CHP US); Clean Diesel Technologies (TICKER: CDTI US); Day 4 Energy Inc (TICKER: DFE CN); DayStar Technologies Inc (TICKER: DSTI US); Evergreen Energy (TICKER: EEE US); Hydrogenics Corp. (TICKER: HYG CN); Kemet Corp. (TICKER: KEM US); Medis Technologies Ltd. (TICKER: MDTL US); Pecific Ethanol Inc. (TICKER: PEIX US); Spire Corp. (TICKER: SPIR US); Sunways AG (TICKER: SWW GR); Syntroleum Corp. (TICKER: SYNM US); US Geothermal Inc (TICKER: GHT CN); Brasil Ecodiesel (TICKER: ECOD3 BZ); Geodynamics Ltd. (TICKER: GDY AU); Powertech Industrial Co Ltd (TICKER: 3296 TT); Topco Scientific Co Ltd (TICKER: 5434 TT); Companhia Energetica de Minas Gerais (TICKER: CMIG4 BZ).
A complete list of constituents and weights will be posted on the AGI family of alternative energy indexes web site, ( http://ardour.snetglobalindexes.com/about_the_indexes.php). The Ardour Global Alternative Energy Index(SM) is a capitalization-weighted, float-adjusted index of the most prominent alternative energy stocks in the world. To be included in the AGIGL index, companies must be pure-play and the stocks must pass multiple screens, including for capitalization, float, exchange listing, share price and turnover. The Ardour Global Index(SM) (Extra Liquid) (TICKER: AGIXL), which contains a fixed number of 30 stocks, had two additions against two deletions. Covanta (TICKER: CVA US) and Iberdrola Renovables (TICKER: IBR SM) replace FuelCell Energy Inc. (TICKER: FCEL US) and Solaria Energia Y Medio Ambi (TICKER: AOR GR) Detailed information, including constituent data, rules and price information, on the AGI family of alternative energy indexes is available at www.ardourglobalindexes.com. Data is also available through most vendors of financial data. Index: Ardour Global Alternative Energy Index(SM) Ticker: AGIGL Index: Ardour Global Index(SM) (Extra Liquid) Ticker: AGIXL SOURCE: The Ardour Global Alternative Energy Index Ardour Capital Investments, LLC Walter Nasdeo, 212-375-2958 or Ardour Global Indexes, LLC Joseph LaCorte, 646-467-7927 www.ardourglobalindexes.comjlacorte@snetworkllc.com