BIG OIL TRANSFORMATION TO RENEWABLES
- Jun 10, 2021 10:44 am GMTJun 10, 2021 8:58 am GMT
- 126 views
2020 proved a momentous years in the world of big oil. This is ironically despite an overall reduction of circa 6% in the overall global energy consumption. However, Oil & Gas (O&G) companies in fact increased their overall investment into various forms of clean energy by over 30% according to Capital Economics during the same time.
In concrete terms, this equated to an investment of nearly US$9 billion compared to some US$6.5 billion just one year prior.
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