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2 Top Energy Execs Share Why Higher Oil Prices Benefit Clean-energy

by businessinsider.com posted 5months ago 146 views
Summary List PlacementOil prices have rebounded significantly since last year's pandemic-driven plunge. 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. Oil giants like Shell have turned a close eye to clean energy and created new targets to reduce the 'intensity' of emissions over the next three decades. Other corporations like Facebook are joining in by buying huge amounts of solar and wind power.