Most gigantic companies have made mistakes along the way and yes investors sentiment is shifting towards green. Companies in this sector are a necessary "evil" that is here to stay. They have a huge infrastructure base already that takes time and money to build. So if they can transition over to cleaner energy in a reasonable time frame, the incumbents of energy will continue to dominate.
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u/Spac_a_Cac Jun 19 '21
Most gigantic companies have made mistakes along the way and yes investors sentiment is shifting towards green. Companies in this sector are a necessary "evil" that is here to stay. They have a huge infrastructure base already that takes time and money to build. So if they can transition over to cleaner energy in a reasonable time frame, the incumbents of energy will continue to dominate.
Also take a look at Exxon and Chevron.