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Getting climate, energy & environment news right.

Huge new investments are coming in clean energy tech, and the source will surprise you

Matt Welch writes in The Fort Worth Star-Telegram about energy companies that are investing in energy tech.

The C3 Take
  • As the need to reduce emissions increases, energy companies are stepping up.
  • Last year BP bought renewable natural gas company Archaea Energy for $4.1 billion to ramp up its clean power portfolio.
  • Meanwhile, Chevron says that it will spend $10 billion through 2028 to develop low carbon technologies including carbon capture, hydrogen, and renewables.
  • Private sector leadership is accelerating a clean energy future.

“The traditional energy companies’ investments of billions of dollars in clean energy and technology in recent years is more than simple ‘greenwashing,’ in which companies make token investments to look environmentally friendly. It’s part of a rapidly growing global trend.”

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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