3 Oil Majors That Bet Big On Renewables
Green Car Congress
AUGUST 31, 2020
Further, according to Rystad Energy, Big Oil is expected to pump in $166B into new oil and gas ventures over the next five years, thus dwarfing the currently specified outlay of just $18B (less than 10% of capex) for solar and wind energy projects. NASDAQ:TSLA) a run for its money thanks to its 2016 acquisition of battery company Saft.
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