The Obama administration seeks the most ambitious transformation of energy policy in a generation. But Big Oil is not on board. Royal Dutch Shell said last month that it would freeze research and investments in wind, solar and hydrogen power, and focus its alternative energy efforts on biofuels. BP, a company that has spent nine years saying it was moving "beyond petroleum," has been getting back to petroleum since 2007, paring back its renewable program. The list goes on.
Read More