The Limited Times

Now you can see non-English news...

American majors shun green energy

2020-09-27T16:33:31.171Z

Investments in CO2 capture seem to be their only concession to the energy transition.The schism is complete between the strategies of European oil companies, which proclaim loudly their commitment to renewable energies, and their American competitors, who are conspicuously abandoning this field. “Royal Dutch, Shell, Total, Eni and Equinor have started their transformation from oil company into energy companies,” observes Matthias J. Pickl, researcher at King Fahd Saudi University,



The schism is complete between the strategies of European oil companies, which proclaim loudly their commitment to renewable energies, and their American competitors, who are conspicuously abandoning this field.

“Royal Dutch, Shell, Total, Eni and Equinor have started their transformation from oil company into energy companies,”

observes Matthias J. Pickl, researcher at King Fahd Saudi University, in a study.

Read also:

Green energy less profitable than black gold

On the other hand, Exxon, Chevron and the Brazilian Petrobras

"remain real laggards, focus on hydrocarbons and have very little activity in renewables"

.

Exxon Mobil limits itself

"to contributions without vision, without investment plan or budget"

, notes Matthias J. Pickl in his study.

Chevron tried to go green.

In the 2000s, he invested in geothermal projects, wind farms and solar power plants.

But, fifteen years later, he decides to leave it.

It doesn't pay off enough, compared

This article is for subscribers only.

You have 70% left to discover.

Subscribe: 1 € the first month

Can be canceled at any time

Enter your email

Already subscribed?

Log in

Source: lefigaro

You may like

Business 2020-09-27T16:33:31.171Z
Business 2020-09-27T16:23:44.575Z
News/Politics 2020-07-09T21:28:03.299Z
Business 2020-10-10T08:52:02.919Z

Trends 24h

Latest

business 2020/10/27    

© Communities 2019 - Privacy