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When Virtue Pays a Premium

Through the help of government deregulation, increase in technology, and increased awareness of global environmental issues, a transition from fossil fuels to renewable resources is imminent. The cost of renewable resources are on the decline and they are starting to become a real threat to compete with fossil fuels. Renewable resources consist of hydropower, biomass, tidal, geothermal, waste-to-energy, solar, and wind to create electricity. The spread of global greenery has made many large energy firms reevaluate the way they create energy. Companies such as Shell, Enron, and BP are working diligently to acquire a renewable resource branch in their energy companies. Shell vows to be 50-50 fossil fuels and renewable resources within 50 years. BP is developing a solar division, and Enron has just acquired two wind turbine manufactures and one of the largest solar companies in America. At the moment renewables make up only a small share of world energy, but due to increased political sup...

Posted by: Sylvia Schiavoni

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