How Do Midstream Companies Grow if They Can't Build?
The global pandemic has materially altered the trajectory of the energy industry. Some major players, like Royal Dutch Shell and BP, have suggested it will never be the same again, announcing strategic business shifts toward cleaner energy alternatives.
But what about the midstream companies that own the pipelines and other assets that help move energy around the world? Here's how they can continue to grow even if the future of energy isn't the same as it was just a couple of years ago.
The shift toward clean energy energy isn't exactly a new thing. In fact, Shell and Total have been investing in renewable power for many years. Even BP has dabbled in the sector before, so its newest effort isn't exactly out of character. What is different this time is that BP has suggested that the demand for fuels like oil and natural gas are nearing or perhaps past the inflection point and will start declining.
Source Fool.com
