Update Report on Petroleum Industry Investments in Alternative Fuels and Technologies
Future energy demand will make it likely, if not certain, that petroleum-based energy supplies will continue to play an important role for many decades. Nevertheless, WSPA companies recognize that alternative sources of energy are a growing part of the world energy mix. They are investing dollars and manpower to help make that happen.
Much of their current activity is directed towards stationary power generation – such as the development of new, more efficient and/or cleaner ways to generate electricity (e.g., solar, wind, hydrogen, geothermal). A newly updated report focuses on the petroleum industry's work on the development and commercialization of alternative transportation fuels. Many WSPA companies have created and staffed new organizations to spearhead these efforts. Click on the link below for to review the full report.