Related Articles
Report
Forward article link
Share PDF with colleagues

Prudence in a changing climate

Big oil is starting to invest in renewable energy before it is too late

In the 15 months since 195 nations created the Paris Agreement on climate change, a marked change in the way the oil and gas sector approaches the challenge of cutting carbon emissions has taken root. This shift has been encouraged not just by a steady improvement in the economics of low-carbon energy, but also by a switch in policy towards favouring renewable-energy sources. Momentum has been building in the past year in particular. The threat to established energy producers, posed by non-fossil fuel sources, is not an existential one. Low carbon energy has already changed the outlook for oil and gas demand, and will continue to do so. "Climate change is a profound challenge to the fossi

Also in this section
India's sunny uplands
3 November 2017
To avoid the huge run-up in fossil-fuel demand forecasters expect, India will deploy more renewables and hope to electrify its passenger-transport sector
Wind in the US' sails
26 October 2017
Offshore wind is taking off in America, offering growth opportunities for the usual renewable operators and a potential entry point for offshore oil specialists
Brazil goes green
24 October 2017
Despite having vast oil reserves and only slowly emerging from recession, the country is focusing on growth in its energy sector and renewables are key to its strategy