Tuesday, April 3, 2007

How Much Does Big Oil Invest in Renewable Energy?

This Globe & Mail article is an interesting read.

Oil majors love to boast about their renewable energy activities but the glossy advertisements showing windmills and solar panels often mask modest investments and even skepticism.

The companies say their investments show they are doing their part to help fight climate change.

Environmentalists counter that the spending is inadequate and aimed solely at deflecting criticism away from the role that burning oil and gas plays in global warming.

“The advertising campaigns that are suggesting a big green shift within these
companies are misleading,” said Tony Juniper, executive director at Friends of the Earth.

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