The Traderszone Network

Published in TZ Latest News 23 July, 2017 by The TZ Newswire Staff

Why Big Oil Can’t Make the Renewable Energy Transition

Big oil companies are starting to consider what the world will look like after the reign of petroleum is over. For example, Royal Dutch Shell (NYSE: RDS-A) recently announced it will invest $1 billion per year in clean energy — a large number, but still a relatively small investment compared to its $25 billion in annual capital spending. Nonetheless, it was a public admission that clean energy is the future, not oil.

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