Articles by Tom Philpott

Archer-Daniels Midland’s stock soars on ethanol, biodiesel hype

Earlier this year, after Archer Daniels Midland reported surging profit for the fourth quarter of 2005 -- largely driven by its ethanol unit -- I dubbed the company the Exxon of Corn.

As if to prove my thesis, the grain-processing giant tapped an oil exec as its new CEO last week. And, like any respectable would-be oil company, it also reported another quarter of robust profit growth. The ascension to CEO of Patricia Woertz, most recently executive vice president at Chevron, marks the end of a four-decade run at ADM's top by the Andreas family. That venerable clan, whose chicanery runs from a key role in the Watergate scandal to a price-fixing scheme in the 1990s, built ADM into one of the U.S.'s most politically connected corporations. Congressional beneficiaries of ADM's campaign generosity likely need not fear; G. Allen Andreas, who has served as CEO since 1997 (when his uncle and predecessor was convicted of fixing the price of lysine, a corn product used in animal feed), will stay on as chairman of the board of directors.

In a country run by oil execs, why shouldn't the largest food-processing firm also be run by oil execs?

The move eloquently signals ADM's intention to continue its rush into the auto-fuel market. The company has made billions over the years extracting the Midwest's soil fertility and transforming it into crappy food products like high-fructose corn syrup, buoyed by government commodity policy and the sugar quota. Now it intends to do the same in service of the internal-combustion engine.

The Culinary Institure of America sells out to Coca-Cola

Undeniably, haute U.S. culinary culture has been a boon to the sustainable-food movement over the past 20 years or so. From Alice Waters' Chez Panisse to Dan Barber's Blue Hill at Stone Barns to the star-studded Chef's Collaborative, high-end foodie institutions have largely rallied round the cause of local, environmentally responsible agriculture.

While their wares are generally reserved for the expense-account-positive, these institutions invest in their local foodsheds and have been a valuable tool in the fight against flavorless, environmentally and socially destructive food.

All the more shocking, then, the brazen corporate flackery being performed by the Culinary Institute of America, the premier U.S. cooking school.

Oil production’s peaking? Snag a Hummer

Memo to self: Keep up with the Wall Street Journal's daily Oil-News Roundup.

Two choice nuggets emerged today. First, there's this discussion of Royal Dutch Shell's latest quarterly earnings report:

Royal Dutch Shell, the world's fourth-largest publicly traded oil company, reported a tiny, 3% increase in first-quarter earnings from a year ago, but said the high cost of sucking oil and natural gas out of the ground could delay some exploration projects, especially long-term developments, including one planned for the Gulf of Mexico. Shell also said it could no longer promise to replace 100% of the reserves it depletes this year. [Emphasis added for the benefit of peak-oil enthusiasts.]

Next, on the auto-biz front, there's this:

Jane Jacobs dies at 89

Jane Jacobs died today at the age of 89.

Just yesterday, while preparing my "Small is still beautiful" post, I found myself groping for her two masterpieces, The Death and Life of Great American Cities and The Economy of Cities. I couldn't find them, because I had loaned them out -- I've been an ardent promoter of her works since I first discovered them more than ten years ago. My dog-eared copies of them have probably spent more time on the shelves of friends who I've foisted them on than my own.

May her death inspire a resurgence of interest in her work, particularly among greens. I hope over the next days to find time to write an appreciation of her.

Everyone who loves the chaos of a well-functioning city street -- and understands the vast environmental benefits of cities -- should bow east in the direction of her beloved Greenwich Village, and north toward her adopted home of Toronto.