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> why is said oil and gas industry not investing in solar power themselves? Some are: - https://www.chevron.com/technology/technology-ventures https://www.che
by big_chungus 7y ago
> why is said oil and gas industry not investing in solar power themselves?
Some are:
- https://www.chevron.com/technology/technology-ventures https://www.chevron.com/technology/technology-ventures
- https://www.shell.com/energy-and-innovation/new-energies/shell-ventures.html https://www.shell.com/energy-and-innovation/new-energies/she...
Admittedly, that's not a ton. What's really stopping it is that the family offices etc. don't want to invest in any thing but oil. It's a safe bet, they know it, and tech has given it very high odds of a return compared to what it used to be.
Some investors are doing just that (all though more with wind), just not a ton. Oil prices are down quite a bit off their last high, so expect to see less of this. Every thing in this equation is relative to oil.