The article from Street Insider is almost too short to quote for fair use:

Furthermore, Chevron announced that it expects to spend approximately $2.5 billion from 2007 through 2009 in alternative and renewable energy technologies.

That can’t make Obama and Clinton happy. They don’t get to confiscate those “windfall profits” and plow them into their own environmental interests.

This is the smart thing to do. I don’t understand why Exxon and some others want to cut R&D and raise their total profits to record numbers. It’s a behavior consistent with a lack of trust in their own people to maintain their position in the energy sector.