These Energy Stocks Are Making Strides to Prevent Their Extinction
If the fossil fuels industry doesn't act now, it could eventually become extinct. That's because the global economy is aggressively pivoting away from climate-change-causing fossil fuels to cleaner alternatives. This shift is forcing oil and gas companies to find ways to clean up their act so that they're part of the solution and not only contributing to the problem.
One of the steps more energy companies are taking is investing in renewable energy projects to help power their operations. It's helping reduce the emissions of the oil and gas they produce. That makes the industry more sustainable, potentially preventing its extinction and making it a much more viable long-term investment.
Leading oil and gas producer Pioneer Natural Resources (NYSE: PXD) recently revealed its participation in a couple of renewable energy projects. They'll supply low-cost, renewable power to its operations in the Permian Basin and the Texas electricity grid.
Source Fool.com
