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#Oil Co: to buy $5 Billion renewables


 
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#1 eds

eds

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Posted 31 January 2017 - 12:17 PM

Back in November of 2016, Oil and Gas Climate Initiative (OGCI):
. . . . . . BP,
. . . . . . CNPC,
. . . . . . Eni,
. . . . . . Pemex,
. . . . . . Reliance Industries,
. . . . . . Repsol,
. . . . . . Royal Dutch Shell,
. . . . . . Statoil, and
. . . . . . Total, announced a
. . . $1 billion investment over the next
. . . 10 years into renewable energy development.

The world’s largest oil company, Saudi Aramco,
. . . is apparently mulling over as much as
. . . $5 billion in renewable energy investments,
. . . as part of plans to diversify from crude oil production.

Saudi Arabia as a whole,
. . . is aiming to produce,
. . . 10 Giga-watts of power,
. . . from renewable energy sources by 2023.

1-31-2017 Source:  #Oil Co: to buy $5 Billion renewables

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