CMS: Oil majors investing just 3% of capital into renewables

In:

Oil & gas, Power, Renewables

Region:

Middle East & Africa, Americas, Asia-Pacific, Europe

Oil majors responsible for half of global output are investing just 3% of their combined capital expenditure on renewable energy sources, according to a new report by law firm CMS.Fifteen of the world’s largest oil companies, including Shell, BP, Exxon Mobil, and Saudi Aramco spent about $6.6...

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