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Big Oil Faces Off Against Clean-Energy Giants

The Wall Street Journal‘s Rochelle Toplensky writes about the clean energy face-off between big oil and traditional renewable energy companies.

The C3 Take
  • The competition of the free market is driving traditional energy companies to embrace low-carbon sources.
  • In the past year, major oil companies like BP, Exxon, and Total have all announced plans to move away from oil and invest in clean energy technolgies.
  • The clash between “big oil” and traditional renewable companies is good for economies and the planet as competition will drive innovation.

“Oil and gas shares have fallen amid growing uncertainty about petroleum’s future profitability. Renewables are an obvious opportunity: Demand for clean power is expected to boom as economies decarbonize and transport and industry electrify.”

Read the full article here.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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