Tuesday, May 27, 2008

Big Oil and Alternate Energy

Chevron Invests in Solar Energy Technology

Interesting Quote:
As a result, Exxon (XOM) is heading into the business of hybrid car batteries, BP (BP) is investing in jatropha and Chevron (CVX) is looking into solar energy.

Arco (ARCO to Sell Siemens Its Solar Energy Unit - New York Times) used to have a big stake in solar, but sold it. So did Shell (SolarWorld Acquires Shell's Solar Business). And now Shell bought the Siemens unit.

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