“The amounts of money being invested in renewables are eye watering around the world. For any energy company, let alone major oil companies, to ignore them as a potential part of their portfolio is foolish going forward and increasingly so in the future where we can see government policy and clean air driving quite a lot of the decisions that politicians will make. Electricity is becoming a much larger part of our energy policy and it is something that is becoming increasingly influential and something that oil majors are going to have to address.”

 — Jeremy Sainsbury, director at Natural Power, Renewables: Big oil doesn’t want to get ‘pushed out’