Bill Gates predicts oil companies ‘will be worth very little’

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Sep 23, 2021
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As the world moves away from fossil fuels and adopts more clean and renewable energy sources, oil giants that have dominated markets for more than a century could be in trouble, the Microsoft co-founder said in a briefing at the COP26 climate summit in Glasgow, Scotland, on Thursday.

“Some of these giants will fall. You know, 30 years from now, some of those oil companies will be worth very little,” Gates, an outspoken advocate for investing in renewable energy and green technologies, said at the briefing, according to Axios.

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