Big Oil Is Betting Big Money on This Renewable Fuel

Big Oil Is Betting Big Money on This Renewable Fuel

Oil giants Chevron (NYSE: CVX), BP (NYSE: BP), and Shell (NYSE: SHEL) can see the writing on the proverbial wall. The global economy is shifting fuel sources from carbon dioxide-spewing fossil fuels to lower-carbon alternatives. Oil producers know they can't beat back this change, so they're joining in by investing in lower-carbon fuel sources.