Big Oil follows Silicon Valley into backing green energy firms

As it seems that the end could be nearing for the age of oil, global oil majors are now investing in green startups as they scope out alternative methods of survival.
Photo: Bloomberg
Photo: Bloomberg
BY ANNA HIRTENSTEIN, BLOOMBERG

Major oil companies are joining Silicon Valley in backing energy-technology start-ups, a signal that that those with the deepest pockets in the industry are casting around for a new strategy.

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