The pressure is on — from investors, climate activists and institutions. And Big Oil feels it, prompting them to diversify their holdings and to invest more in green energy. While it is a small percentage of their overall budgets, the efforts could help the use of cleantech around the globe.
, which says that companies focused on the triple bottom line — economics, environment and social — are outperforming other broader indices and they are also demonstrating that they are living their missions and ingraining their brands among their customers.
“The renewable energy market is highly competitive and fragmented, returns on investments are typically lower than in oil and gas, and the average investment is much smaller in size,” says consulting firm. “The Majors may want to look towards mergers and acquisitions, developing offshore wind, or solar PV in emerging markets, in order to find a competitive edge and be able to deploy sufficient capital to grow in the sector.
Good news is lurking: Since 2016, 148 deals have been made in alternative energy and carbon capture, CDP says. Since 2010, $22 billion has been invested alternative energies. And, 15 of 24 oil and gas companies it surveyed now have climate targets, with Repsol, Shell and Total having the most ambitious ones.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Oil shares jump after Chevron buys Andarko and merger fever hits oil patchChevron's $33 billion acquisition of Anadarko sparked speculation the oil patch will see a new wave of consolidation as major players look to build scale and lower costs in the shale sector.
Leer más »
Oil shares jump after Chevron buys Anadarko and merger fever hits oil patchChevron's $33 billion acquisition of Anadarko sparks speculation the oil patch will see a new wave of consolidation.
Leer más »
$33 billion deal in Big Oil: Chevron is buying Anadarko PetroleumChevron is paying $33 billion to acquire Anadarko Petroleum in a massive deal that will bolster its natural gas and shale operations.
Leer más »
Big Oil Is Feeling The Heat And Dipping Into Green EnergyThe pressure is on — from investors, climate activists and institutions. And Big Oil feels it, prompting them to diversify their holdings and to invest more in green energy. While it is a small percentage of their overall budgets, the efforts could help the use of cleantech around the globe.
Leer más »
Big Oil Is Feeling The Heat And Dipping Into Green EnergyThe pressure is on — from investors, climate activists and institutions. And Big Oil feels it, prompting them to diversify their holdings and to invest more in green energy. While it is a small percentage of their overall budgets, the efforts could help the use of cleantech around the globe.
Leer más »
Aramco's Big Reveal: What We Learned About the Saudi Oil GiantSaudi Aramco is the world’s most profitable company. Aramco’s $111.1 billion profit in 2018 easily dwarfed all other businesses on the planet, a stunning result for a company that also paid the Saudi government $102 billion in taxes last year. Aramco, which produces about 10 percent of the world’s
Leer más »
Financial stocks getting a big boost after J.P. Morgan Chase, Wells Fargo earnings beatsFinancial stocks are on track for a broad rally Friday, as better-than-expected first-quarter earnings reports from sector heavyweights J.P. Morgan Chase...
Leer más »
India delays May order for Iran oil, awaits clarity on sanctions waiver: sourcesIndian refiners are holding back from ordering Iranian oil for loading in May pe...
Leer más »
Crystal meth and crowded jails: problems mount in Iraqi oil cityThe southern Iraqi city of Basra is struggling to cope with a growing drug probl...
Leer más »
Oil prices hover near five-month highs as global markets tightenOil prices rose to fresh 5-month highs on Tuesday as markets tightened amid OPEC...
Leer más »