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.
|Upcycling Old Mobile Phones to Monitor Illegal Logging|
|"Ta’u is not a postcard from the future, it’s a snapshot of what is possible right now."|
|IKEA to Start Building Neighbourhoods|
|"The world has lost its last shot at staving off dangerous global warming."|
|All The Things You Should Do Before Climate Change Destroys Them|
|Japanese Create Ice Cream That Does Not Melt|
|Amateur-Built Electric Car Going After Record Set by Tesla|
|“Banning polluting cars in 2040 or 2050 doesn’t actually look like a very bold move.”|
|Making a Movie Inside a Video Game|
|“This conversation about how technology is hijacking people is really catching on.”|
|Google Map Shows You the Most Photographed Areas of the World|
|“Human and animal cells can be 3D printed into high-resolution tissue.”|
|“Nobody is forcing the participants to stay, of course, but if they leave, they won’t be paid.”|
|“That science fiction future where robots can do what people and animals do may be closer than you think.”|
|“During this phase of decline, the US was likely to go through a phase of reactionary 'fascism'.”|
|“Eliminating the time needed to stop and re-charge a conventional electric car’s battery.”|
|Facebook, Twitter Users Could Face Insurance Hikes|