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 End of Fossil Fuels|
|“It’s the worst investment in human history”|
|Combined Waste Products Absorb Mercury from Water|
|“From sand to soil in 7 hours.”|
|Start-Up Wants to Save the World by Sucking CO2 Right Out of the Atmosphere|
|Ubuntu 17.10 Artful "What the Fuck" Aardvark|
|AI and Robotic Arms Remove Trash from Recycling|
|“Previously unknown plastic contamination in the tap water of cities around the world.”|
|“Google is our modern man's God.”|
|iotacons: Pixelated Art by Andy Rash|
|“Millions of Americans are hassled to pay back money they don’t owe.”|
|“The results of its People You May Know algorithm are anything but obvious.”|
|“End your life with a click.”|
|"100 of its members occupied the Opera Apple Store in Paris, demanding the company pay its taxes."|
|Japanese Robot Serves Ice Cream From Inside a Vending Machine|
|As of December 1st, 2017, all Smartphones Sold in Canada Must be Unlocked|
|How to Avoid Jury Duty|