Contours of the energy transition: Investment by international oil and gas companies in renewable energy

Abstract

International oil and gas companies are deploying a range of strategies to invest in renewable energy technologies and projects. By now, the IOCs have become substantive players in the renewables market, lending their scale and business expertise to deploying clean energy. But they have seen mixed success in their efforts thus far, and the models IOCs choose to follow as they become interested in deploying renewables are still emerging.