Since 2015 these companies have *doubled* their spending on renewable energy and carbon capture and storage! That makes me feel so good! Uh-oh. (2/n)pic.twitter.com/lrHDFOfZ3q
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Since 2015 these companies have *doubled* their spending on renewable energy and carbon capture and storage! That makes me feel so good! Uh-oh. (2/n)pic.twitter.com/lrHDFOfZ3q
Let's face it: oil and gas firms are in business to sell us oil and gas. This might change someday... around when it stops being profitable to them. For the full report from the International Energy Agency, go here: https://www.iea.org/reports/the-oil-and-gas-industry-in-energy-transitions … (3/n)
Ah, so that's the seaweed that's going to power the world.
I hate those ads!
This is one of India's biggest oil companies https://www.bharatpetroleum.com/sustainability/bpcl-on-renewable-energy.aspx …
I remember the '70s with the multiple Middle East oil shakedowns when people started to think of other forms and means of energy. Oil companies bought up those alternatives and buried them. With now obvious planet killing weather there's still no change from fossil fuel vendors.
Well, that's textbook comparative advantage. You don't expect huge companies to change and sell radically different products overnight (usually they go bust trying). This kind of investment is just PR.
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