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How China’s Sinopec Is Escaping The Gas Utility Death Spiral — And Why The West Should Follow
When Sinopec, China’s sprawling petroleum giant, decided to start drilling geothermal wells instead of oil wells, it was initially greeted with skepticism. Geothermal? Renewable energy? Surely not the first place you’d expect an oil-and-gas colossus to stake its future. But Sinopec wasn’t dabbling. True to form, the company went straight ... [continued] The post How China’s Sinopec Is Escaping The Gas Utility Death Spiral — And Why The West Should Follow appeared first on CleanTechnica.
When Sinopec, China’s sprawling petroleum giant, decided to start drilling geothermal wells instead of oil wells, it was initially greeted with skepticism. Geothermal? Renewable energy? Surely not the first place you’d expect an oil-and-gas colossus to stake its future. But Sinopec wasn’t dabbling. True to form, the company went straight ... [continued]
The post How China’s Sinopec Is Escaping The Gas Utility Death Spiral — And Why The West Should Follow appeared first on CleanTechnica.
