14 Sep '18, 10am

IN DEPTH: Is Big Oil finally going green?

Is Big Oil finally going green? IN DEPTH | Oil majors have been investing millions in clean energy in recent years, but is it a passing fad or something more meaningful, asks Anamaria Deduleasa Oil & gas companies have been gradually ratcheting up their investments in renewables in recent years, apparently coming round to the reality — and unavoidable financial imperatives — of a clean-energy future. But how significant is this push into green power? Are the deep-pocketed oil majors about to become major players in renewables? Of course, this is not the first time Big Oil has shown an interest in clean energy. Around a decade ago, majors such as Shell, Total and BP — which memorably rebranded as Beyond Petroleum — dipped their toes into wind and solar, only to exit after a few years, citing low returns. This time around, their interest looks to be more than a passing fad. ...

Full article: http://www.rechargenews.com/transition/1555370/is-big-oil...

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