Morgan Bazilian, executive director of the Payne Institute for Earth Resources and research professor of public policy at Colorado School of Mines, was recently quoted in an article in the Edmonton Journal about oil and gas company investments in renewable energy.
From the article:
"We've already seen huge billion-dollar plays by some of the oil majors to get into renewables - Shell has done that, Total, ENI, BP and many others," said Morgan Bazilian, executive director of the Payne Institute at the Colorado School of Mines.
Bazilian expects new technologies will help integrate natural gas-fired power generation closely with renewable energy sources, so that in the near future, the business case would be stronger for gas companies to participate directly in the renewable power market.
"Every company in the gas space is looking at it - they're not na??ve about this," he said.