4 ms·
The industry seems like a good fit for specialist contractors (many of which also work for oil companies) rather than an integrated oil company. They may have
by 7952 7y ago
The industry seems like a good fit for specialist contractors (many of which also work for oil companies) rather than an integrated oil company. They may have access to lots of capital, but that is hardly unique.
Arguably their real talent is dealing with market volatility, which could come to renewables when strike prices and subsidy levels get reduced.
- badrabbit 7y agoThey already own large wind farms and similar investments. It is already happenig. Regarding capital,oil and gas has very very deep pockets possibly second to actual governments. And their existing positio as supplier also gives them an advantage to be able to migrate existing consumers to renewables.