Oil Companies Interested in Renewables

There's evidence that oil companies, of all entities, are growing increasingly interested in renewables. According to this article,

Renewable energy developments to compete with fossil fuels in Europe , Oil and Gas Journal (7/27/04):

Instead of viewing renewables as a threat to revenue, oil companies are broadening their energy base to include renewable energy technologies such as solar power, wind, and hydrogen—currently the three main renewable energy sectors in Europe," Shankar Murthy said.

The article makes note of recent ocean energy developments, notably the
TiDel wave energy device developed by Aberdeen based SMD Hydrovision.