OIL AND GAS MAJORS FOCUS ON RENEWABLE ENERGY, HYDROGEN, AND CARBON CAPTURE

"Although you’d be hard-pressed to find an expert who believes oil and gas companies will abandon exploration and production operations anytime soon, several oil and gas majors are expanding their businesses into the renewable energy sector—and some in a big way. Total has laid out plans that would have it outpace clean energy leaders Iberdrola and Ørsted on renewable power capacity by 2030. Hydrogen and carbon capture technologies are also likely to be part of growth strategies for the industry going forward."

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