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3 Oil Majors That Bet Big On Renewables

Green Car Congress

An analysis of near-term spending plans on renewables by the biggest oil and gas companies shows that real investments in renewable energy will continue to pale in comparison to capex plans for greenfield fossil fuel projects. Equinor has announced plans to invest $10B into clean energy by 2025, mostly through its offshore wind portfolio.

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War in Ukraine: We Need to Talk About Fossil Fuels

Cars That Think

In comparison, Soviet (Russian) gas was available in huge volumes, and it came from some of the world’s largest reservoirs, guaranteeing reliable long-term deliveries. These price increases were driven in part by a drop in wind-generated energy, the leading form of renewable energy on the European continent.

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