By David Fessler Last week, I showed you how the Canadian oil sands are finally winding down. But what about the oil majors, known collectively as Big Oil?
Until recently, the biggest names in the oil business were just dipping their corporate toes into renewable energy.
These investments were small and amounted to little more than window dressing. However, that’s all beginning to change.
BP Upsets Oil’s Applecart
The biggest change comes from one of the largest oil and gas majors on the planet: BP (NYSE: BP).
On August 4, BP reported that its loss for the second quarter of 2020 was $16.8 billion. It also announced that …read more
