Big Oil Is Jumping Into Renewables

By David Fessler Over the next decade, the clean energy sector will soak up between $8 trillion and $16 trillion in new capital.
And the switch from fossil fuels to renewable energy could create somewhere between $1 trillion and $2 trillion in annual capital expenditures.
This is great for the environment. And it’s great for the economy too.
Renewable energy and technologies like green hydrogen have matured. And that makes them commercially viable and deployable at scale.
The federal government still doesn’t recognize the opportunity here. But many U.S. companies do.
They are gearing up to decarbonize the energy value chain. And that’s attracting a lot of capital.
Piling …read more

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