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.
|Setting Aside Half the Planet as a National Park|
|Living in a Dumpster for a Year|
|"How we make our cars is actually a bigger environmental issue than how we fuel our cars."|
|"Climate change has moved from a distant threat to a present-day danger."|
|"Frozen brains could be thawed and inserted into a donor body."|
|"Have you ever pondered why we itch in the first place?"|
|"Every saint and every sinner in the history of our species lived out their lives in a spec of dust suspended in space."|
|"It’s appealing to imagine a world where artificial wombs grow babies."|
|Head Transplant Hailed a Success|
|"Academics who study basic income said the pilot gives a chance to see how the idea plays in a changed economy."|
|Google's Self-Driving Cars Giving Rides to the Public|
|"You look in the mirror and see your body and your face and you think that’s you—but that’s really just the machine you’re riding in."|
|"This created a bubble, and like housing, that bubble has now burst."|
|Religious Loophole to Turn Lights On and Off During Shabbat|
|Where AI is Currently At|