Finally, fossil fuel companies are seeing sense!
https://www.theguardian.com/business/2021/feb/10/why-oil-giants-are-swapping-oil-rigs-for-offshore-windfarms
When companies like BP are willing to pay 15 times the established market price to set up up offshore windfarms, and to aggressively compete with other major oil companies to do it, can only be a good thing for investors and the planet.
They're finally realising that sticking with fossil fuels is no longer an option if only for their future competitiveness. Stable companies with strong renewable energy holdings are reaching market valuations many times the size of their annual earnings, while fossil fuel companies who are sticking with the status quo are seeing their share prices collapse.
Now that the fossil fuel giants are finally following the money in renewable energy, we will see a cleaner greener future 馃實馃尡
When companies like BP are willing to pay 15 times the established market price to set up up offshore windfarms, and to aggressively compete with other major oil companies to do it, can only be a good thing for investors and the planet.
They're finally realising that sticking with fossil fuels is no longer an option if only for their future competitiveness. Stable companies with strong renewable energy holdings are reaching market valuations many times the size of their annual earnings, while fossil fuel companies who are sticking with the status quo are seeing their share prices collapse.
Now that the fossil fuel giants are finally following the money in renewable energy, we will see a cleaner greener future 馃實馃尡
SW-User
