A few days ago, ConocoPhillips, NRG Energy and GE Capital announced a new joint venture. The three companies are putting up $300 million into a fund called Energy Technology Ventures which will “invest in, and offer commercial collaboration opportunities to, venture and growth-stage energy technology companies,” according to a statement.
While the announcement is intriguing – and hopeful for those of us who want to accelerate the shift to a low-carbon economy – it is not the first time in recent years that a major oil company has linked up with unexpected partners:
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