The global energy giant ExxonMobil recently dropped a tantalizing hint that it is gearing up for a significant investment in renewable energy, but don’t get too excited. The company’s interest is apparently limited to deploying low cost renewables to help run — and potentially grow — its massive oil and gas operations in Texas.
That’s not quite the same thing as diversifying its energy production portfolio to pump more wind or solar power into the national grid. Still, if ExxonMobil follows through on the new venture, it’s yet another indicator that the U.S. coal industry has passed the point of no return.
Read more: triplepundit.com