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I agree it's good Statoil is making an effort, and they are most definitely trying to pivot into renewables (mainly offshore wind). But they also do some stupid
by semi-extrinsic 10y ago
I agree it's good Statoil is making an effort, and they are most definitely trying to pivot into renewables (mainly offshore wind). But they also do some stupid shit, like oil sands in Canada.
However I don't know if they're unique in this aspect, e.g. Saudi Aramco, ExxonMobil, Total are all huge oil companies that are pivoting into solar and wind. At this point it just makes pure business sense; renewable energy has (or will soon, depending on which tech) become profitable even without subsidies. These companies have a lot of engineering talent and money they can invest in projects. They see that oil and gas long term future prospects are bad (production costs are going up while demand is going down). Renewables are the opposite, costs going down and demand increasing. They are already energy production companies.
You can also see they're playing on their strengths, like Statoil doing offshore wind because of their experience with offshore structures in adverse weather, while Saudi Aramco know lots about building and operating production equipment scattered around the desert so they focus on solar, etc.
- staticelf 10y agoYeah sure, other companies does that as well. But in the meantime they deny that climate change is even a thing (at least in the US) but Statoil does not do that.
- tonyedgecombe 10y agohttp://corporate.exxonmobil.com/en/current-issues/climate-policy/climate-perspectives/our-position http://corporate.exxonmobil.com/en/current-issues/climate-po...