Energy

How solar power can become a small part of Big Oil’s future

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The oil and gas sector has been experimenting with solar power as a generation source for oil operations for decades, such as this Chevron (then ChevronTexaco) California project in 2003. As costs of solar come down and pressure intensifies on oil companies to cut emissions, more renewable energy will de deployed, but it may remain limited — in scope and effectiveness.

David McNew | Getty Images News | Getty Images

Oil and gas companies are working hard on their messaging in the climate change era. If it’s “code red for humanity” as the UN’s IPCC said last Monday in its latest dire climate report, it’s some sort of “code red” for the fossil fuels industry too, in terms of figuring out…



Source cnbc.com

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