Related Articles
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
Bright forecast ahead for solar energy?
12 May 2017
Solar costs continue to fall, recently hitting less than 3 cents/kWh in some parts of the world. But the scaling back of incentives and constraints of the existing electricity infrastructure could hinder future expansion
The US' greener red states
3 May 2017
Wind and solar energy have put down roots across the US and will keep growing even if Washington turns hostile
Reaching net-zero carbon
13 March 2017
Are renewables up to the task set by the Paris Agreement?