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Why do big oil companies invest in green energy?
Oil companies balance expanding clean energy projects and sustaining fossil fuel production to diversify revenue and mitigate market volatility, industry analysts report.
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Why do big oil companies invest in green energy?
A flare burns natural gas at an oil well on Aug. 26, 2021, in Watford City, N.D. AP Photo/Matthew BrownSome major oil companies such as Shell and BP that once were touted as leading the way in clean energy investments are now pulling back from those projects to refocus on oil and gas production. Others, such as Exxon Mobil and Chevron, have concentrated on oil and gas but announced recent investments in carbon capture projects, as well as in lit…
Coverage Details
Total News Sources5
Leaning Left1Leaning Right0Center4Last UpdatedBias Distribution80% Center
Bias Distribution
- 80% of the sources are Center
80% Center
L 20%
C 80%
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