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Oil majors tread cautiously towards renewables

2016-05-23 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Climate Home: The Niger Delta of Nigeria has suffered severe damage from gas flaring and oil spills. Faced by falling oil prices and plunging profits, big oil companies are investing in renewables and clean energy, but still focussing on fossil fuels. LONDON, 22 May, 2016 The big oil companies on-off affair with renewable energies seems to be back on track. Recent reports say Shell, the Anglo-Dutch oil conglomerate, is to invest $1.7 billion in forming a new company division aimed specifically at developing...

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