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.
|The Dutch Want a Mountain, So They're Going to Build It|
|“As a species, we generate a lot of waste.”|
|Using Micromotors to Combat Ocean Acidification and Global Warming|
|“Improve on the ability of plants to suck carbon dioxide out of the atmosphere.”|
|The State of Staten Island|
|“To create particles with negative mass.”|
|“People are getting rid of their cash.”|
|“How High Tech Tools Profile, Police, and Punish the Poor.”|
|Naked Preacher Lady [NSFW]|
|Pat the Zombie: A Cruel Adult Spoof of 'Pat the Bunny'|
|“The static fire is one of the last major tests prior to the maiden launch.”|
|Knowing how to operate a smartphone does not qualify as being tech savvy.|
|How to Avoid Jury Duty|
|“World's first passenger drone.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|“AI codes its own ‘AI Child’.”|
|How to Escape Planet Earth|