Big Oil Looks To Capitalize On The $1 Trillion Offshore Wind Boom ...Middle East

Economy by : (OILPRICE) -
European oil majors are boosting investment in renewable energy sources as they aim to become net-zero energy companies by 2050 and slash carbon emissions. And there is one renewable energy sector where Big Oil has a lot to offer and a lot to gain—offshore wind.   Oil and gas majors can use their offshore expertise and deep pockets to finance and develop offshore wind farms in an industry estimated to attract nearly $1 trillion over the next decade.     Offshore wind opportunities will help Big Oil gain a more…

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