OPEC Countries Pouring Billions of Dollars Into Solar Power… To Export More Oil And Gas
September 21st, 2012Via: Wall Street Journal:
Middle Eastern members of OPEC are finally diversifying their energy base, pouring hundreds of billions of dollars into harnessing that other resource they feature in vast quantities: sunshine.
But it isn’t what you think. The Saudis, Abu Dhabi and Iran aren’t racing to burnish their green credentials by reducing their carbon footprints. They are investing in solar-power production mainly for one reason: to help them export even more oil and gas.
