Barron’s Avi Salzman outlines how renewable energy can pay off for big oil.
- This year we have seen a noticeable shift of big oil companies investing in low-carbon energy.
- These investments, while good for the planet, are hurting big oil’s stocks because of how they are valued.
- A fix for oil companies, one economist argues, is to spin off the renewable part of their business into their own companies once they reach scale.
Read the full article here.