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Oil companies: Learning to see beyond the immediate horizon
May 23: Here is an example of an oil major investing $20 million in a start-up that plans to charge up an electric vehicle in five minutes.
8It is about as much time that is needed to fill up a conventional car.
8It would sound counter-intuitive to invest in such a venture when oil prices are on fire and everyone is concentrated on pushing up oil and gas output
8But a sober long term assessment continues to point to less fossil use
8Companies who can think beyond the present are eventually adequately awarded.
8Indian oil companies need to push innovative long term investments too
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