Exxon and its kin were laggard stocks for a long time, but now they enjoy flush revenue and strong share prices. The bet: Their clean fuels may give them better stability.
It’s not easy being green, as that noted savant, Kermit the Frog, once observed. To the environmental minded, Big Oil is the enemy in a fight to bring net-zero carbon emissions to the planet. Yet while the major fossil-fuel companies have a history of fighting climate change advocates, they now profess to be greener—and have launched various renewable energy projects to prove it.
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