Shell and BP will have to go nuclear if they want to remain 'supermajor' leaders of the global energy industry.
That is the startling finding of a major report into the energy industry in the age of climate change by JPMorgan.
The US investment bank envisages that 'Big Oil' will play a significant role in the future redevelopment of nuclear power.
The JPMorgan report suggests that within 10 years, nuclear will be at the top of the agenda for a world preoccupied with clean, green energy and replacing diminishing global stocks of oil and gas...
...The report's author, analyst Chris Rogers, says Big Oil has little option other than to embrace nuclear - and major companies like BP and Shell are probably already working on secret plans...
... Rogers says Total of France is the first of the oil industry supermajors to break cover. Its chief executive Christophe de Margerie recently admitted the company 'will certainly one day have to be part of the nuclear adventure'.
Questioned on what nuclear plans BP and Shell might have, Rogers said he believes the issue is likely to be at 'strategic planning department' stage...
http://www.thisismoney.co.uk/investing-and-markets/article.html?in_article_id=418333&in_page_id=3"Beyond Petroleum," BP, is, if memory serves me well, also one of the largest solar energy companies in the world. I have no idea if they're making money hands over fists in the solar energy world, and I have no idea of their private strategic strategy.
Total, the French energy concern, is one of the world's leaders in the commercialization of dimethyl ether, the motor fuel that can be accessed from hydrogen.
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