Close this search box.

Getting climate, energy & environment news right.

Oil Drillers Are Saving the Planet and Their Investors

Jinjoo Lee of The Wall Street Journal writes about the different oil companies that are investing in clean power.

The C3 Take
  • As market demand for clean energy grows, oil companies are pivoting to low-carbon technologies.
  • These companies are using their drilling and geological expertise to tap into emerging geothermal and carbon capture technologies.
  • Baker Hughes estimates that orders in its new energy segment could reach $7 billion this year.
  • To advance clean energy, the world will need to rely on free markets and private sector expertise.

“Baker Hughes, which is more equipment-focused than its peers, therefore seems to have a head start: Orders in its new energy business were substantial enough to be noted on earnings calls. It booked more than $400 million of orders in the segment last year and said it is on track to exceed that amount this year.”

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.

Copyright © 2020 Conservative Coalition for Climate Solutions

Subscribe to our exclusive email designed for conservatives who care about climate.

Help us promote free market solutions for climate change.

5 Incredible Ways Economic Freedom Helps the Planet.

Sign up for our newsletter now to get the full list right in your inbox.

Thank you for signing up

Help us promote sensible solutions for both planet and prosperity.

Download Now

The Left’s Top 10 Climate Denials

Download Now