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.
|We're Running Out of Sand|
|"The world's most important freezer."|
|Start-Up Wants to Save the World by Sucking CO2 Right Out of the Atmosphere|
|All The Things You Should Do Before Climate Change Destroys Them|
|“What if energy generation was a consumer electronic you could order off Amazon?”|
|“Astronomers have sent a radio message to a neighbouring star system.”|
|“When automation starts displacing lawyers, accountants and bankers, then we might see some push-back.”|
|“A fraudster poses as an attractive woman and encourages a man to masturbate in front of a webcam.”|
|CaptchaTweet: Write Tweets in Captcha Form|
|“The homemade airplane does indeed fly!”|
|How to Avoid Jury Duty|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|“Semis, not personal cars, are the smartest use of autonomous technology.”|
|“Facebook has contributed to, and profited from, the erosion of democratic norms in the United States.”|
|“The education industry as a whole is a con.”|
|Short Story of Similar Objects|
|Google Map Shows You the Most Photographed Areas of the World|