According to Bloomberg, with fossil-fuel alternatives limiting growth in oil demand, Big Oil is using its experiences in building off-shore oil rigs to anchor massive turbines on the seabed. Reportedly, with the clout oil companies possess, they will be able "to finance projects more cheaply than many of their competitors."
Shell, whose CEO Ben van Beurden has said oil demand may peak in the second half of the next decade, has set up a business unit to identify the clean technologies where it could be most profitable. The company began more than 180 years ago importing shells from Asia and needs to adapt to ensure it’s still around in another century, according to Sinead Lynch, the company’s chair for U.K. businesses.
Wind farms are especially interesting to Shell because they can power electrolysis reactions that make hydrogen, which the company says may be a major fuel for cars in the coming decades, said Lynch in an interview.
|"Essentially, we ended up with an antacid for the stratosphere."|
|"Climate change has moved from a distant threat to a present-day danger."|
|"The first 'truly feasible' contraption to reduce ocean plastic is already in use"|
|30% of Germany's Electricity is Green|
|Setting Aside Half the Planet as a National Park|
|Making a Movie Inside a Video Game|
|"Maybe someone liked my stuff."|
|"You could be targeted for ads for things you don’t even realize that you like."|
|"The machine had gotten inside the human’s head."|
|“You become more difficult for an algorithm to understand, market to, or manipulate.”|
|Smart Solar Panel Window Blinds|
|"How will that impact human evolution going forward?"|
|"The American auto industry will face a death spiral of epic proportions."|
|"The most automated warehouse of its kind"|
|In 10 Years, 50% of Jobs Will Be Handled by Robots and AI|
|"Low-cost solar and human-powered vehicle."|