Oil Giants Gassed Out On Renewable Energy

Could the future of renewable energy be reliant on the efforts of big oil companies? They would certainly like you to think so.
In the first decade of the 21st century, it seemed like the likes of BP and ExxonMobil had realized that the winds of change were blowing as they begun massive investment programs in renewable source of energy. Renewable Energy World reports that from 2000 to 2010, American oil and gas companies contributed 20% of all US investment in renewables, amounting to around $9 billion. The Deepwater Horizon disaster in 2010 shattered BP’s public image, but it came in the middle of the British company’s 10-year commitment to invest $8 billion in renewables from 2005-2015. It achieved this two years ahead of schedule in 2013. http://oilprice.com/Alternative-Energy/Renewable-Energy/Oil-Giants-Gassed-Out-On-Renewable-Energy.html