Peter O'Neill, great grandson of John D. Rockefeller, will have his Gordon Gekko moment tomorrow as he prepares to push through a series of resolutions at the annual ExxonMobil stockholders meeting in Dallas. The resolutions are aimed at moving ExxonMobil off its petroleum-based strategy, getting the company to study the impact of climate change on developing countries, reducing its own emissions, and spending on more on research and development of renewable energy. None of these resolutions are expected to pass. However, a fourth proposal, which has the support of a number of large institutional investors, aims to split the office of chairman and CEO - both seats are currently occupied by Rex Tillerson. Many view the fourth resolution as a referendum Tillerson, who has succeeded in making the company record profits. But, according to Tufts economist and Rockefeller descendant Neva Rockefeller Goodwin, "the truth is that ExxonMobil is profiting in the short term from investments and decisions made many years ago, and by focusing on a narrow path that ignores the shifting energy landscape." Splitting the chairman and CEO office will give oversight abilities to the board of directors, helping them move the company in line with shareholder expectations. European Commissioner Peter Mandelson and other members of the EC have signed, and are preparing to submit, an anti-dumping complaint against American biodiesel producers to the World Trade Organization. The EC commissioners have ratified the initial complaint, lodged by the European Biodiesel Board, that argues the combination of the $1 per gallon biodiesel production subsidy and the increasingly prevalent 'splash-and-dash' refining practice are uncompetitive and are putting European companies out of business. Energy exporters ship raw biodiesel to the U.S., usually from Asia or Europe, where it is blended with small amounts of refined diesel and then exported to the EU as B99, where it is sold for prices much lower than domestic biodiesel. B99 imports in the EU rose from 100,000 tons in 2006 to over 1 million tons in 2007. It now comprises 15 percent of the EU market. But the question of who to blame remains open. While the U.S. provides the uncompetitive subsidy path for B99 exports, most of the biodiesel receiving the splash-and-dash treatment doesn't come from the U.S.. The U.S.-based National Biodiesel Board has considered lodging a counter-complaint through the U.S. Trade Representative against the anti-dumping allegation. Following on the heels of Iberdrola's recent announcement to invest $8 billion in the U.S. renewable sector, FPL Group chairman and CEO Lewis Hay III (a model for Tillerson?) told shareholders on Friday the company would invest between $16 billion and $20 billion over the next five years to expand its renewables portfolio. FPL Group, the parent company of Florida Power & Light and FPL Energy, has a wind energy portfolio holding more than 5,000 MW, and a development pipeline of close to 22,000 MW. The company plans to add 7,000 MW to 9,000 MW under the five-year expansion plan. FPL also operates seven out of the nine Solar Energy Generating Systems in the Mojave Desert, generating more than 350 MW off the 16-year old CSP plant. As part of the plan that will see FPL expand its domestic renewables market share above 30 percent, FPL will build a new 250 MW CSP plant in Kern County, CA. The California Public Utilities Commission approved the project earlier this month, and FPL believes it will come online by the third quarter of 2011. FPL is reportedly working with Ausra on the plant.