Did Big Oil Kill Off Green Energy?
The
American Petroleum Industry announced the U.S. oil and natural gas
sector spent billions of dollars last year on environmental programs.
The energy lobby said it estimates that about 20 percent of all
investments in low-carbon technology came from private energy companies.
At the most recent international climate conference, world
environmental negotiators were too ensnared by their own governmental
interests to make any major breakthroughs. Groups like API, however,
adhere to the adage that markets are more adept at innovation when freed
from…Read more...http://oilprice.com/Energy/Energy-General/Did-Big-Oil-Kill-Off-Green-Energy.html
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