Greenbang hears few stories of British oil companies building alternative energy supplies. We know there is some movement in the area, but it doesn’t seem like much.
Shell said at one of its press conferences that it invests £0.5bn a year into R&D of alternative energy supplies.
That might sound like a lot but think about the profit it makes…
This from Yahoo!
China National Offshore Oil Corp, the country’s top offshore oil producer, said Wednesday it would construct an offshore wind power plant in a bid to help energy conservation in the country.
The power plant will be located about 60 kilometres (37 miles) offshore in Bohai Bay in northern China and will have a capacity of 1,500 kilowatts, General Manager Fu Chengyu was quoted by Xinhua news agency as saying.