{"684993":{"#nid":"684993","#data":{"type":"news","title":"Why Do Big Oil Companies Invest in Green\u00a0Energy?","body":[{"value":"\u003Cdiv class=\u0022theconversation-article-body\u0022\u003E\u003Cp\u003ESome major oil companies such as Shell and BP that once were touted as leading the way in clean energy investments are now \u003Ca href=\u0022https:\/\/www.bbc.com\/news\/articles\/c3374ekd11po\u0022\u003Epulling back from those projects\u003C\/a\u003E to refocus on oil and gas production. Others, such as Exxon Mobil and Chevron, have concentrated on oil and gas but announced recent investments in carbon capture projects, as well as in \u003Ca href=\u0022https:\/\/carboncredits.com\/chevron-joins-other-oil-majors-to-boost-the-u-s-lithium-supply-chain\/\u0022\u003Elithium\u003C\/a\u003E and \u003Ca href=\u0022https:\/\/www.nytimes.com\/2025\/09\/09\/business\/energy-environment\/exxon-mobil-graphite-electric-vehicles.html\u0022\u003Egraphite production for electric vehicle batteries\u003C\/a\u003E.\u003C\/p\u003E\u003Cp\u003ENational oil companies have also been investing in renewable energy. For example, Saudi Aramco has \u003Ca href=\u0022https:\/\/www.energypolicy.columbia.edu\/saudi-arabias-renewable-energy-initiatives-and-their-geopolitical-implications\/\u0022\u003Einvested in clean energy\u003C\/a\u003E while at the same time asserting that \u003Ca href=\u0022https:\/\/www.cnbc.com\/2024\/03\/18\/saudi-aramco-ceo-says-energy-transition-is-failing-give-up-fantasy-of-phasing-out-oil.html\u0022\u003Eit\u2019s unrealistic to phase out oil and gas entirely\u003C\/a\u003E.\u003C\/p\u003E\u003Cp\u003EBut the larger question is why oil companies would invest in clean energy at all, especially at a time when many \u003Ca href=\u0022https:\/\/thehill.com\/policy\/energy-environment\/5417842-trump-administration-cuts-green-energy\/\u0022\u003Efederal clean energy incentives are being eliminated\u003C\/a\u003E and \u003Ca href=\u0022https:\/\/time.com\/7314000\/trump-administration-climate-report-scientists\/\u0022\u003Eclimate science is being dismantled\u003C\/a\u003E, at least in the United States.\u003C\/p\u003E\u003Cp\u003ESome answers \u003Ca href=\u0022https:\/\/www.nytimes.com\/2024\/11\/18\/business\/energy-environment\/cop-oil-gas-green-energy.html\u0022\u003Edepend on whom you ask\u003C\/a\u003E. More traditional petroleum industry followers would urge the companies to keep focused on their core fossil fuel businesses to meet growing energy demand and corresponding near-term shareholder returns. Other shareholders and stakeholders concerned about \u003Ca href=\u0022https:\/\/www.investopedia.com\/terms\/e\/environmental-social-and-governance-esg-criteria.asp\u0022\u003Esustainability\u003C\/a\u003E and the \u003Ca href=\u0022https:\/\/www.iisd.org\/articles\/press-release\/new-analysis-what-ipcc-energy-pathways-tell-us-about-paris-aligned-policies\u0022\u003Eclimate\u003C\/a\u003E \u2013 including an increasing number of \u003Ca href=\u0022https:\/\/www.erm.com\/globalassets\/insights\/ermsi_annual_trends_report_2025_2.pdf#page=10\u0022\u003Ecompanies with sustainability goals\u003C\/a\u003E \u2013 would likely point out the \u003Ca href=\u0022https:\/\/www.deloitte.com\/us\/en\/insights\/industry\/renewable-energy\/renewable-energy-industry-outlook.html\u0022\u003Ebusiness opportunities for clean energy to meet global needs\u003C\/a\u003E.\u003C\/p\u003E\u003Cp\u003EOther answers depend on the particular company itself. \u003Ca href=\u0022https:\/\/www.ipaa.org\/independent-producers\/\u0022\u003EVery small producers\u003C\/a\u003E have different business plans than very large private and public companies. \u003Ca href=\u0022https:\/\/kleinmanenergy.upenn.edu\/commentary\/podcast\/why-oil-companies-support-renewable-energy\/\u0022\u003EGeography and regional policies can also play a key role\u003C\/a\u003E. And \u003Ca href=\u0022https:\/\/www.numberanalytics.com\/blog\/national-oil-companies-energy-economics\u0022\u003Egovernment-owned companies\u003C\/a\u003E such as Saudi Aramco, Gazprom and the China National Petroleum Corp. \u003Ca href=\u0022https:\/\/www.iisd.org\/publications\/report\/energy-transitions-national-oil-companies\u0022\u003Econtrol the majority\u003C\/a\u003E of the world\u2019s oil and gas resources with revenues that support their national economies.\u003C\/p\u003E\u003Cp\u003EDespite the relatively \u003Ca href=\u0022https:\/\/www.iea.org\/reports\/world-energy-investment-2024\/overview-and-key-findings\u0022\u003Emodest scale of investment in clean energy\u003C\/a\u003E by oil and gas companies so far, there are several business reasons oil companies would increase their investments in clean energy over time.\u003C\/p\u003E\u003Cp\u003EThe oil and gas industry has provided energy that has helped create much of modern society and technology, though those advances have also come with significant environmental and social costs. My own experience in the oil industry gave me insight into how at least some of these companies try to reconcile this tension and to make \u003Ca href=\u0022https:\/\/doi.org\/10.1016\/j.erss.2022.102800\u0022\u003Estrategic portfolio decisions regarding what \u201cgreen\u201d technologies to invest in\u003C\/a\u003E. Now the managing director and a \u003Ca href=\u0022https:\/\/www.scheller.gatech.edu\/directory\/faculty\/oxman\/index.html\u0022\u003Eprofessor of the practice\u003C\/a\u003E at the Ray C. Anderson Center for Sustainable Business at Georgia Tech, I seek ways to eliminate the boundaries and identify mutually reinforcing innovations among \u003Ca href=\u0022https:\/\/www.weforum.org\/stories\/2024\/01\/climate-action-for-profitable-business-growth\u0022\u003Ebusiness interests and environmental concerns\u003C\/a\u003E.\u003C\/p\u003E\u003Cfigure class=\u0022align-center zoomable\u0022\u003E\u003Cp\u003E\u003Ca href=\u0022https:\/\/images.theconversation.com\/files\/687570\/original\/file-20250826-55-mka3uw.jpg?ixlib=rb-4.1.0\u0026amp;q=45\u0026amp;auto=format\u0026amp;w=1000\u0026amp;fit=clip\u0022\u003E\u003Cimg alt=\u0022People march holding signs objecting to fossil fuels.\u0022 src=\u0022https:\/\/images.theconversation.com\/files\/687570\/original\/file-20250826-55-mka3uw.jpg?ixlib=rb-4.1.0\u0026amp;q=45\u0026amp;auto=format\u0026amp;w=754\u0026amp;fit=clip\u0022 srcset=\u0022https:\/\/images.theconversation.com\/files\/687570\/original\/file-20250826-55-mka3uw.jpg?ixlib=rb-4.1.0\u0026amp;q=45\u0026amp;auto=format\u0026amp;w=600\u0026amp;h=400\u0026amp;fit=crop\u0026amp;dpr=1 600w, https:\/\/images.theconversation.com\/files\/687570\/original\/file-20250826-55-mka3uw.jpg?ixlib=rb-4.1.0\u0026amp;q=30\u0026amp;auto=format\u0026amp;w=600\u0026amp;h=400\u0026amp;fit=crop\u0026amp;dpr=2 1200w, https:\/\/images.theconversation.com\/files\/687570\/original\/file-20250826-55-mka3uw.jpg?ixlib=rb-4.1.0\u0026amp;q=15\u0026amp;auto=format\u0026amp;w=600\u0026amp;h=400\u0026amp;fit=crop\u0026amp;dpr=3 1800w, https:\/\/images.theconversation.com\/files\/687570\/original\/file-20250826-55-mka3uw.jpg?ixlib=rb-4.1.0\u0026amp;q=45\u0026amp;auto=format\u0026amp;w=754\u0026amp;h=503\u0026amp;fit=crop\u0026amp;dpr=1 754w, https:\/\/images.theconversation.com\/files\/687570\/original\/file-20250826-55-mka3uw.jpg?ixlib=rb-4.1.0\u0026amp;q=30\u0026amp;auto=format\u0026amp;w=754\u0026amp;h=503\u0026amp;fit=crop\u0026amp;dpr=2 1508w, https:\/\/images.theconversation.com\/files\/687570\/original\/file-20250826-55-mka3uw.jpg?ixlib=rb-4.1.0\u0026amp;q=15\u0026amp;auto=format\u0026amp;w=754\u0026amp;h=503\u0026amp;fit=crop\u0026amp;dpr=3 2262w\u0022 sizes=\u0022(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px\u0022\u003E\u003C\/a\u003E\u003C\/p\u003E\u003Cfigcaption\u003E\u003Cspan class=\u0022caption\u0022\u003EProtesters call for companies and international organizations to reduce their spending on fossil fuels.\u003C\/span\u003E \u003Ca class=\u0022source\u0022 href=\u0022https:\/\/www.gettyimages.com\/detail\/news-photo\/protesters-march-in-protest-outside-of-the-imf-world-bank-news-photo\/2147931402\u0022\u003E\u003Cspan class=\u0022attribution\u0022\u003EKent Nishimura\/Getty Images\u003C\/span\u003E\u003C\/a\u003E\u003C\/figcaption\u003E\u003Cfigcaption\u003E\u0026nbsp;\u003C\/figcaption\u003E\u003C\/figure\u003E\u003Ch2\u003EDiversification and Financial Drivers\u003C\/h2\u003E\u003Cp\u003EJust like financial advisers tell you to \u003Ca href=\u0022https:\/\/www.fidelity.com\/viewpoints\/investing-ideas\/guide-to-diversification\u0022\u003Ediversify your 401(k) investments\u003C\/a\u003E, companies do so to weather different kinds of volatility, from commodity prices to political instability. Oil and gas markets are \u003Ca href=\u0022https:\/\/www.numberanalytics.com\/blog\/maximizing-returns-diversification-petroleum-economics\u0022\u003Enotoriously cyclical\u003C\/a\u003E, so investments in clean energy can hedge against these shifts for companies and investors alike.\u003C\/p\u003E\u003Cp\u003EClean energy can also provide opportunities for new revenue. Many customers want to buy clean energy, and oil companies want to be \u003Ca href=\u0022https:\/\/doi.org\/10.1016\/j.erss.2023.103253\u0022\u003Epositioned to cash in\u003C\/a\u003E as this transition occurs. By developing employees\u2019 expertise and investing in emerging technologies, they can be ready for commercial opportunities in biofuels, renewable natural gas, hydrogen and other pathways that may overlap with their existing, core business competencies.\u003C\/p\u003E\u003Cp\u003EFossil fuel companies have also found what other companies have: Clean energy can reduce costs. Some oil companies not only invest in energy efficiency for their buildings but use \u003Ca href=\u0022https:\/\/research-hub.nrel.gov\/en\/publications\/approaches-for-integrating-renewable-energy-technologies-in-oil-a-3\u0022\u003Esolar or wind to power their wells\u003C\/a\u003E. And adding renewable energy to their activities can also \u003Ca href=\u0022https:\/\/systemschangelab.org\/finance\/scale-down-investment-harmful-climate-and-nature\/cost-capital-fossil-fuel-production\u0022\u003Elower the cost of investing in these companies\u003C\/a\u003E.\u003C\/p\u003E\u003Ch2\u003EPublic Pressure\u003C\/h2\u003E\u003Cp\u003EAll companies, including those in oil and gas, are under \u003Ca href=\u0022https:\/\/doi.org\/10.1002\/wcc.919\u0022\u003Egrowing pressure to address climate change\u003C\/a\u003E, from the public, from other companies with whom they do business and from government regulators \u2013 at least outside the U.S. For example, campaigns seeking to \u003Ca href=\u0022https:\/\/trellis.net\/article\/how-the-fossil-fuel-industry-is-fighting-for-legitimacy-by-using-big-tobaccos-playbook\u0022\u003Ereduce investment in fossil fuels\u003C\/a\u003E are increasing along with \u003Ca href=\u0022https:\/\/www.nytimes.com\/2025\/06\/22\/climate\/oil-industry-anti-slapp-climate-lawsuits.html\u0022\u003Eclimate-related lawsuits\u003C\/a\u003E. Government policies focused on both \u003Ca href=\u0022https:\/\/commission.europa.eu\/topics\/energy\/repowereu_en\u0022\u003Emitigating carbon emissions and enhancing energy independence\u003C\/a\u003E are also making headway in some locations.\u003C\/p\u003E\u003Cp\u003EIn response, many oil companies are \u003Ca href=\u0022https:\/\/www.woodmac.com\/news\/opinion\/how-will-oil-and-gas-companies-get-to-scope-3-net-zero\/\u0022\u003Ereducing their own operational emissions\u003C\/a\u003E and setting targets to \u003Ca href=\u0022https:\/\/www.woodmac.com\/news\/opinion\/infographic-scope-for-improvement\/\u0022\u003Eoffset or eliminate emissions from products\u003C\/a\u003E that they sell \u2013 though many observers \u003Ca href=\u0022https:\/\/transitionpathwayinitiative.org\/publications\/uploads\/2024-setting-the-standard-assessing-oil-and-gas-companies-transition-plans\u0022\u003Equestion the viability of these commitments\u003C\/a\u003E. Other companies are investing in emerging technologies such as hydrogen and methods to \u003Ca href=\u0022https:\/\/carboncredits.com\/prairie-operating-co-and-the-oil-industrys-shift-toward-sustainable-energy-practices-prop\/\u0022\u003Eremove carbon dioxide from the atmosphere\u003C\/a\u003E\u003C\/p\u003E\u003Cp\u003ESome companies, such as BP and Equinor, have previously even gone so far as \u003Ca href=\u0022https:\/\/www.qbco.io\/insights\/strategic-rebranding-in-the-energy-sector-lessons-from-the-past-and-present\u0022\u003Erebranding themselves\u003C\/a\u003E and acquiring clean energy businesses. But those efforts have also been criticized as \u201c\u003Ca href=\u0022https:\/\/www.un.org\/en\/climatechange\/science\/climate-issues\/greenwashing\u0022\u003Egreenwashing\u003C\/a\u003E,\u201d taking actions for public relations value rather than real results.\u003C\/p\u003E\u003Cfigure class=\u0022align-center zoomable\u0022\u003E\u003Cp\u003E\u003Ca href=\u0022https:\/\/images.theconversation.com\/files\/687571\/original\/file-20250826-55-ciyuy3.jpg?ixlib=rb-4.1.0\u0026amp;q=45\u0026amp;auto=format\u0026amp;w=1000\u0026amp;fit=clip\u0022\u003E\u003Cimg alt=\u0022A net containing fish is pulled aboard a fishing vessel.\u0022 src=\u0022https:\/\/images.theconversation.com\/files\/687571\/original\/file-20250826-55-ciyuy3.jpg?ixlib=rb-4.1.0\u0026amp;q=45\u0026amp;auto=format\u0026amp;w=754\u0026amp;fit=clip\u0022 srcset=\u0022https:\/\/images.theconversation.com\/files\/687571\/original\/file-20250826-55-ciyuy3.jpg?ixlib=rb-4.1.0\u0026amp;q=45\u0026amp;auto=format\u0026amp;w=600\u0026amp;h=400\u0026amp;fit=crop\u0026amp;dpr=1 600w, https:\/\/images.theconversation.com\/files\/687571\/original\/file-20250826-55-ciyuy3.jpg?ixlib=rb-4.1.0\u0026amp;q=30\u0026amp;auto=format\u0026amp;w=600\u0026amp;h=400\u0026amp;fit=crop\u0026amp;dpr=2 1200w, https:\/\/images.theconversation.com\/files\/687571\/original\/file-20250826-55-ciyuy3.jpg?ixlib=rb-4.1.0\u0026amp;q=15\u0026amp;auto=format\u0026amp;w=600\u0026amp;h=400\u0026amp;fit=crop\u0026amp;dpr=3 1800w, https:\/\/images.theconversation.com\/files\/687571\/original\/file-20250826-55-ciyuy3.jpg?ixlib=rb-4.1.0\u0026amp;q=45\u0026amp;auto=format\u0026amp;w=754\u0026amp;h=503\u0026amp;fit=crop\u0026amp;dpr=1 754w, https:\/\/images.theconversation.com\/files\/687571\/original\/file-20250826-55-ciyuy3.jpg?ixlib=rb-4.1.0\u0026amp;q=30\u0026amp;auto=format\u0026amp;w=754\u0026amp;h=503\u0026amp;fit=crop\u0026amp;dpr=2 1508w, https:\/\/images.theconversation.com\/files\/687571\/original\/file-20250826-55-ciyuy3.jpg?ixlib=rb-4.1.0\u0026amp;q=15\u0026amp;auto=format\u0026amp;w=754\u0026amp;h=503\u0026amp;fit=crop\u0026amp;dpr=3 2262w\u0022 sizes=\u0022(min-width: 1466px) 754px, (max-width: 599px) 100vw, (min-width: 600px) 600px, 237px\u0022\u003E\u003C\/a\u003E\u003C\/p\u003E\u003Cfigcaption\u003E\u003Cspan class=\u0022caption\u0022\u003EFishing, like energy production, does not have to be done in ways that damage the environment.\u003C\/span\u003E \u003Ca class=\u0022source\u0022 href=\u0022https:\/\/www.gettyimages.com\/detail\/photo\/net-full-of-salmon-being-hauled-onto-purse-seiner-royalty-free-image\/1200731386\u0022\u003E\u003Cspan class=\u0022attribution\u0022\u003EThomas Barwick\/DigitalVision via Getty Images\u003C\/span\u003E\u003C\/a\u003E\u003C\/figcaption\u003E\u003Cfigcaption\u003E\u0026nbsp;\u003C\/figcaption\u003E\u003C\/figure\u003E\u003Ch2\u003EHow Far Can This Go?\u003C\/h2\u003E\u003Cp\u003EIt is even possible for a fossil fuel company to reinvent itself as a \u003Ca href=\u0022https:\/\/www.sciencedirect.com\/science\/article\/pii\/S2214629623002712\u0022\u003Eclean energy operation\u003C\/a\u003E. Denmark\u2019s Orsted \u2013 formerly known as Danish Oil and Natural Gas \u2013 transitioned from fossil fuels to become a global leader in offshore wind. The company, whose majority owner is the Danish government, made the shift, however, with the help of significant public and political support.\u003C\/p\u003E\u003Cp\u003EBut most large oil companies \u003Ca href=\u0022https:\/\/doi.org\/10.1016\/j.erss.2023.103194\u0022\u003Earen\u2019t likely to completely reinvent themselves\u003C\/a\u003E anytime soon. Making that change requires leadership, investor pressure, customer demand and shifts in government policy, such as putting a \u003Ca href=\u0022https:\/\/carbonpricingdashboard.worldbank.org\/what-carbon-pricing\u0022\u003Eprice or tax on carbon emissions\u003C\/a\u003E.\u003C\/p\u003E\u003Cp\u003ETo show students in my sustainability classes how companies\u2019 choices affect both the environment and the industry as a whole, I use the \u003Ca href=\u0022https:\/\/mitsloan.mit.edu\/teaching-resources-library\/fishbanks-a-renewable-resource-management-simulation\u0022\u003EMIT Fishbanks simulation\u003C\/a\u003E. Students run fictional fishing companies competing for profit. Even when they know the fish population is finite, they overfish, leading to the \u003Ca href=\u0022https:\/\/online.hbs.edu\/blog\/post\/tragedy-of-the-commons-impact-on-sustainability-issues\u0022\u003Ecollapse of the fishery and its businesses\u003C\/a\u003E. \u003Ca href=\u0022https:\/\/rpc.cfainstitute.org\/policy\/positions\/short-termism\u0022\u003EShort-term profits\u003C\/a\u003E cause long-term disaster for the fishery and the businesses that depend on it.\u003C\/p\u003E\u003Cp\u003EThe metaphor for oil and gas is clear: As fossil fuels continue to be extracted and burned, they release \u003Ca href=\u0022https:\/\/www.ipcc.ch\/report\/ar6\/wg1\/resources\/climate-change-in-data\/\u0022\u003Eplanet-warming emissions\u003C\/a\u003E, \u003Ca href=\u0022https:\/\/overshoot.footprintnetwork.org\u0022\u003Eharming the planet as a whole\u003C\/a\u003E. They also pose substantial \u003Ca href=\u0022http:\/\/dx.doi.org\/10.3390\/infrastructures4040074\u0022\u003Ebusiness risks to the oil and gas industry itself\u003C\/a\u003E.\u003C\/p\u003E\u003Cp\u003EYet students in a recent class showed me that a more collective way of thinking may be possible. Teams voluntarily reduced their fishing levels to preserve long-term business and environmental sustainability, and they even cooperated with their competitors. They did so without in-game regulatory threats, shareholder or customer complaints, or lawsuits.\u003C\/p\u003E\u003Cp\u003ETheir shared understanding that the future of their own fishing companies was at stake makes me hopeful that this type of leadership may take hold in real companies and the energy system as a whole. But the question remains about how fast that change can happen, amid the accelerating global demand for more energy along with the \u003Ca href=\u0022https:\/\/www.un.org\/en\/climatechange\/science\/causes-effects-climate-change\u0022\u003Eincreasing urgency and severity of climate change and its effects\u003C\/a\u003E.\u003C!-- Below is The Conversation\u0027s page counter tag. Please DO NOT REMOVE. --\u003E\u003Cimg style=\u0022border-color:!important;border-style:none;box-shadow:none !important;margin:0 !important;max-height:1px !important;max-width:1px !important;min-height:1px !important;min-width:1px !important;opacity:0 !important;outline:none !important;padding:0 !important;\u0022 src=\u0022https:\/\/counter.theconversation.com\/content\/260855\/count.gif?distributor=republish-lightbox-basic\u0022 alt=\u0022The Conversation\u0022 width=\u00221\u0022 height=\u00221\u0022 referrerpolicy=\u0022no-referrer-when-downgrade\u0022\u003E\u003C!-- End of code. If you don\u0027t see any code above, please get new code from the Advanced tab after you click the republish button. The page counter does not collect any personal data. More info: https:\/\/theconversation.com\/republishing-guidelines --\u003E\u003C\/p\u003E\u003Cp\u003E\u0026nbsp;\u003C\/p\u003E\u003Cp\u003E\u003Cem\u003EThis article is republished from \u003C\/em\u003E\u003Ca href=\u0022https:\/\/theconversation.com\u0022\u003E\u003Cem\u003EThe Conversation\u003C\/em\u003E\u003C\/a\u003E\u003Cem\u003E under a Creative Commons license. Read the \u003C\/em\u003E\u003Ca href=\u0022https:\/\/theconversation.com\/why-do-big-oil-companies-invest-in-green-energy-260855\u0022\u003E\u003Cem\u003Eoriginal article\u003C\/em\u003E\u003C\/a\u003E\u003Cem\u003E.\u003C\/em\u003E\u003C\/p\u003E\u003C\/div\u003E","summary":"","format":"full_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003EDespite the relatively modest scale of investment in clean energy by oil and gas companies so far, there are several business reasons oil companies would increase their investments in clean energy over time.\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":[{"value":"Despite the relatively modest scale of investment in clean energy by oil and gas companies so far, there are several business reasons oil companies would increase their investments in clean energy over time."}],"uid":"27469","created_gmt":"2025-09-17 16:20:15","changed_gmt":"2025-12-30 19:44:36","author":"Kristen Bailey","boilerplate_text":"","field_publication":"","field_article_url":"","location":"Atlanta, GA","dateline":{"date":"2025-09-17T00:00:00-04:00","iso_date":"2025-09-17T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"678053":{"id":"678053","type":"image","title":"A flare burns natural gas at an oil well on Aug. 26, 2021, in Watford City, N.D. ","body":"\u003Cp\u003EA flare burns natural gas at an oil well on Aug. 26, 2021, in Watford City, N.D. \u003Ca href=\u0022https:\/\/newsroom.ap.org\/detail\/BidenMethaneEmissions\/bd59009031284cb2be9e346df5201077\/photo\u0022\u003EAP Photo\/Matthew Brown\u003C\/a\u003E\u003C\/p\u003E","created":"1758126088","gmt_created":"2025-09-17 16:21:28","changed":"1758126088","gmt_changed":"2025-09-17 16:21:28","alt":"A flare burns natural gas at an oil well on Aug. 26, 2021, in Watford City, N.D. ","file":{"fid":"262031","name":"file-20250826-75-dih7vn.jpg","image_path":"\/sites\/default\/files\/2025\/09\/17\/file-20250826-75-dih7vn.jpg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/2025\/09\/17\/file-20250826-75-dih7vn.jpg","mime":"image\/jpeg","size":203831,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/2025\/09\/17\/file-20250826-75-dih7vn.jpg?itok=rUJ21cdd"}}},"media_ids":["678053"],"related_links":[{"url":"https:\/\/theconversation.com\/why-do-big-oil-companies-invest-in-green-energy-260855","title":"Read This Article on The Conversation"}],"groups":[{"id":"1188","name":"Research Horizons"},{"id":"367481","name":"SEI Energy"},{"id":"1280","name":"Strategic Energy Institute"}],"categories":[{"id":"144","name":"Energy"}],"keywords":[{"id":"187915","name":"go-researchnews"},{"id":"479","name":"Green Buzz"},{"id":"186858","name":"go-sei"}],"core_research_areas":[{"id":"39531","name":"Energy and Sustainable Infrastructure"}],"news_room_topics":[{"id":"71911","name":"Earth and Environment"}],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Ch5\u003EAuthor:\u003C\/h5\u003E\u003Cp\u003E\u003Ca href=\u0022https:\/\/theconversation.com\/profiles\/michael-oxman-2431432\u0022\u003EMichael Oxman\u003C\/a\u003E, Professor of the Practice of Sustainable Business, \u003Ca href=\u0022https:\/\/theconversation.com\/institutions\/georgia-institute-of-technology-1310\u0022\u003E\u003Cem\u003EGeorgia Institute of Technology\u003C\/em\u003E\u003C\/a\u003E\u003C\/p\u003E\u003Ch5\u003EMedia Contact:\u003C\/h5\u003E\u003Cp\u003EShelley Wunder-Smith\u003Cbr\u003E\u003Ca href=\u0022mailto:shelley.wunder-smith@research.gatech.edu\u0022\u003Eshelley.wunder-smith@research.gatech.edu\u003C\/a\u003E\u003C\/p\u003E","format":"limited_html"}],"email":[],"slides":[],"orientation":[],"userdata":""}}}