EnergyWatch

Now oil companies can take the green lead

If the largest oil outfits opt to diversify their operations away from the core business, the corona crisis provides an exceptional opportunity to overtake greener utilities, a Lux Research energy economist says.

Photo: Hasan Jamali/AP/Ritzau Scanpix

The black commodity's ongoing crisis might end up benefiting oil companies, according to Arij van Berkel, energy economist at analyst firm Lux Research, who says there might be some sense in all the madness.

When the Covid-19 pandemic and oil price crises can be interpreted as an opportunity for the fossil fuel giants, the main fact behind the matter is that green power is now even cheaper than normal, and petroleum companies have deeper pockets than most others.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Further reading

Related articles

Trial banner

Latest News

See all jobs