Big Oil Courts US Clean-energy Startups in Bid to Speed Green Transition

U.S. clean-energy startups are booming as oil companies are giving them more attention and cash in a bid to speed up their own green transitions.

Liz Hampton, Reuters

U.S. clean-energy startups are booming as oil companies are giving them more attention and cash in a bid to speed up their own green transitions.

Investors want oil producers to accelerate a move away from fossil fuels by selling cleaner energy and developing technology to eliminate climate-warming gases.

Entrepreneurs proposing to harness energy from offshore wind and waves, generate hydrogen from waste gas and build fuel storage networks from old wells are attracting attention from Big Oil.

Already have an account? Log In

Sign up for FREE access to view this article now!

Unlock Free Access