‘Big Oil is going to be an increasingly important investor in alternative energy. Venture-capital money has dried up. But with oil at $70 a barrel, the internal venture arms of the major oil firms are increasing the amount and percentage of in-vestment going to alternatives.
… If the new projects coming online this summer are any indicator, alternatives may soon be awash in black gold.’
via Big Oil Goes Green | Newsweek Environment | Newsweek.com.