Exxonmobil And Chevron Do Not Participate In The Solar And Wind Market

The largest oil companies in the world are under growing pressure from shareholders and society in reducing emissions and showing efforts against the worst effects of climate change. Members of the Big Oil group have announced many different plans to cut emissions and invest in low carbon energy in the past 18 months. However, there is a marked difference in the way the leading international oil companies approach the emissions issue. The leading Petroleum companies of Europe are committed to becoming non-emissions energy enterprises Net by 2050 or earlier. Most of these companies say that their oil production has peaked or is about to peak in the middle of this decade

. And they all bet on investments in renewable electricity production, along with hydrogen, Collecting and storing carbon, biofuels and electric car charging networks ..
to deserve to be called energy companies instead of oil companies. Not like the same industry companies in Europe, two Mr. Large Exxonmobil and the US Chevron do not participate in the solar market and wind energy. They focused more on carbon regeneration, seizure and storage. Pierre Breber Financial Corporation said, Chevron does not have any plans to reduce oil and gas trading activities to invest in solar energy. or wind power earlier this year. The profit of shareholders was more important for Chevron compared to investing in wind and solar energy, Mike Wirth CEO told CNBC in an interview last week. "Wind and face energy It is the technology that has been relatively developed. Profit from the actual wind and sun energy is declining and we have come to the conclusion that this field cannot create value for the company ", CEO Wirth gives him a part, earlier this year, Exxon has established a new business, Exxonmobil Low Carbon Solutions, to commercial its low carbon technology list, first focusing on recovered technology and Carbon storage (CCS). New business is planning for more than 20 new CCS projects globally, to enable large-scale emission reductions
ExonMobil plans to invest 3 billion USD into energy solutions Emissions are lower until 2025. Binh An

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