US oil and gas companies should consider redirecting investments from new drilling to renewable energies
Renewable Energy World
JULY 30, 2021
In Europe, companies and countries are diversifying into renewables as illustrated by the following: Denmark, leading the world in wind power, recently stopped exploration for oil and gas, and plans to close its oil production by 2050. If supply follows demand, oil and gas could fall by 30% from now to 2035-2040.
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