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Keyword: rewewableenergy

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  • Oil Companies Loath to Follow Obama’s Green Lead

    04/07/2009 1:20:41 PM PDT · by reaganaut1 · 39 replies · 1,320+ views
    New York Times ^ | April 7, 2009 | Jad Mouawad
    The Obama administration wants to reduce oil consumption, increase renewable energy supplies and cut carbon dioxide emissions in the most ambitious transformation of energy policy in a generation. But the world’s oil giants are not convinced that it will work. Even as Washington goes into a frenzy over energy, many of the oil companies are staying on the sidelines, balking at investing in new technologies favored by the president, or even straying from commitments they had already made. Royal Dutch Shell said last month that it would freeze its research and investments in wind, solar and hydrogen power, and focus...