Despite their lofty green energy goals, Big Oil majors are unlikely to become Big Renewable Energy, at least according to an International Energy Agency official who was among the authors of the agency’s Renewable Energy Market Update. Big Oil has been very vocal about its renewable energy goals. It has also been quite actively expanding in the area through acquisitions and participation in various renewable energy tenders.
Still, the IEA’s Heymi Bahar believes this won’t make them major players in the solar and wind power generation…Will Big Oil Become Big Energy? Unlikely Says An Expert
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