Is big business poised to capture the renewables revolution?
by Danny Chivers
In January this year, the energy researcher Jeremy Leggett made a bold claim. He told the Guardian newspaper that we should expect a major oil firm to turn its back on fossil fuels soon and shift to renewable energy. ‘One of the oil companies will break ranks,’ he said, ‘and this time it is going to stick.’
Leggett points to the collapsed oil price, the falling costs of renewable-energy generation and potential government action on climate change as key factors that could persuade an oil corporation to jump ship. His comments were excitedly shared online by anti-fossil fuel campaigners.
But hang on a minute. Would this really be good news? More..