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Big Oil is investing billions to gain foothold in clean energy
Oil majors more than doubled the number of acquisitions, project investments and venture capital stakes, to 44 in 2016 from 21 the year before, according to research published Tuesday by Bloomberg New Energy Finance. In the last 15 years, they’ve completed 428 transactions and spent $6.2 billion building stakes in clean energy companies.
- Categories
- Energy
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OPINION: No matter what government says, coal is no longer India’s cheapest energy source
India now has nearly 200GW of coal. Further, the $4.6 billion estimate does not include other social costs (water pollution, deforestation, displacement, ash disposal etc.) To pass this off as an entire accounting of coal’s hidden costs is either shoddy or dishonest.
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- Energy
- Region
- South Asia
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Inside India’s Plans To Leapfrog The Western Model Of Car Ownership
If successful, the shift would save the country $60 billion in diesel and gas costs in 2030. Instead of 170 million cars, the number expected with the current trajectory, there would be 77 million. CO2 emissions from passenger transport would drop 37% compared to the business-as-usual scenario; energy use in passenger transport would drop 64%.
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- Technology
- Region
- South Asia
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How Oil, Coal and Wal-Mart Became Part of ‘Socially Responsible’ ETFs
As demand for do-gooder investing increases, particularly among women and millennials, fund managers are retooling their lineups to include diversified funds that appeal to a wider audience.
- Region
- North America
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