2 top energy execs share why the oil-price rebound won't derail clean-energy investment

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Ireland News News

2 top energy execs share why the oil-price rebound won't derail clean-energy investment. Presented by ING_News

You might think that would be bad for clean energy. But contrary to expectations, energy executives say that it's actually good news for clean-energy investments.new targets to reduce the 'intensity' of emissionsOther corporations like Facebook are joining in by buying huge amounts of solar and wind power. Smaller startups have in the meantime made progress on breakthrough technologies like batteries that last for days — a key component to transitioning to cleaner energy.

Panelists also discussed how rising oil prices may actually benefit investments into clean energy, as contrary as that may sound. West Texas Intermediate crude trades for about $61 a barrel, around pre-pandemic levels. Crude tumbled last year as COVID-19 put a stop to travel and manufacturing, driving down demand for oil.

Brinton told Jones that Shell — known for being a major oil and gas company — is investing in energy storage well as many other cleaner technologies. Shell is"technology agnostic," according to Brinton, who added that the company is really focused on use cases and how it can help various sectors reduce their carbon footprints.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ING_news The clean-energy technology of Proton_Canada provides highly competitive zero pollution hydrogen from abandoned oil wells.

ING_news I am recently in your country, looking for new friends

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 729. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

6 manufacturing execs discuss how data collection and automation are changing the industryBusiness Insider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Source: BusinessInsider - 🏆 729. / 51 Read more »