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.
|“From sand to soil in 7 hours.”|
|“But what about when those technologies destroy the environment?”|
|“While the use of hydrogen is still in its infancy, it's growing in Canada.”|
|"2016 will be the year that carbon dioxide officially passed the symbolic 400 ppm mark"|
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|“Self-driving trucks will begin hauling mail between USPS facilities.”|
|“A two-legged robot created by Agility Robotics, designed to get your delivery from a car to your door.”|
|“For the first time in the history of life, we can affect the future of our evolution.”|
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|“A deep fake sex video emerges in a Google search of your name.”|
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|“A driverless electric truck began daily freight deliveries on a public road.”|
|“The company is losing billions, has essentially no underlying value, and its business could be hammered overnight.”|
|“A new residential building under construction will feature a flying car skyport on the roof.”|