U.S Fossil Fuel Oil Companies Are Reluctantly Transitioning To Green Energy — European Energy Firms Are Moving Quicker To Solar And Wind Renewables; President Biden’s Infrastructure Plan Supports Solar And EV Charging; Solar In-tegrated Roofing Corp. (OTC PINK: SIRC) Is Steadfast In Belief In Clean Energy Sector

U.S. oil companies are slowly and reluctantly transitioning to green energy, such as solar and wind, and they would rather meet a lower carbon footprint future with their core oil and gas assets intact. In contrast, European energy companies are being more aggressive in acquiring portfolios of renewable energy. BP PLC has just invested $220 million in U.S. solar projects and BP said the new assets will be developed and operated through its joint venture with Lightsource BP. So while Exxon Mobil Corporation (NYSE: MOX), BP PLC (NYSE: BP) and Shell (NYSE: RDS-A) are focusing on ‘carbon-capture’ strategies to achieve self imposed low carbon deadline goals — some are reluctant to abandon core crude/oil and gas-based investments. But, in contrast, U.S.  public companies such as Solar Integrated Roofing Corp. (OTC PINK: SIRC) are proving steadfast in their belief in the future of green energy and growth in its solar, EV Charging Station, rechargeable battery and roofing businesses.

stockmarketpress.com features specialized coverage of related stocks in the solar, roofing, EV charging stations and battery charging energy industry such as Solar Integrated Roofing Corp. (OTC PINK: SIRC), Sunrun, Inc. (NASDAQ: RUN), Blink Charging Co. (NASDAQ: BLNK), Tesla, Inc. (NASDAQ: TSLA), GM (NYSE: GM), SolarEdge Technologies, Inc. (NASDAQ: SEDG), First Solar, Inc. (NASDAQ: FSLR), SunPower (NASDAQ: SPWR), Exxon Mobil Corporation (NYSE: MOX), BP PLC (NYSE: BP), Shell (NYSE: RDS-A), Gibraltar Industries, Inc. (NASDAQ: ROCK), Spartan Acquisition Corp. II (NYSE: SPRQ). and Canadian Solar Inc. (NASDAQ: CSIQ).

U.S Fossil Fuel Oil Companies Are Reluctantly Transitioning To Green Energy — European Energy Firms Are Moving Quicker To Solar And Wind Renewables; President Biden’s Infrastructure Plan Supports Solar And EV Charging; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Steadfast In Belief In Clean Energy Sector

BP just announced it would purchase solar assets with a production capacity of 9 gigawatts from developer 7X Energy. European energy firms are aggressively acquiring more renewable projects in their portfolios as they see solar, wind and other renewables as dominating in the future. BP PLC said this month that it would operate and manage the $220 million it purchased in new solar projects from 7X Energy through its joint venture with Lightsource BP, Europe’s largest solar company. BP PLC had acquired a stake in Lightsource in 2017.

BP PLC is confident that it can achieve ROI on its renewable energy investments of 8-10%, a company spokesman told news service Reuters.

At Exxon Mobil Corp. (NYSE: MOX), climate activist and hedge fund manager Christopher James managed to win three board seats for his new fund Engine No. 1 LLC at the world’s biggest international oil company. His goal: environmental, social and governance modifications for the firm.

Bi-Partisan Senate Panel Agrees On $974 Billion In Infrastructure Spending In Five Years

All of this reluctance by major oil firms makes it more difficult for President Biden to win $6 trillion in new infrastructure spending — including initiatives to support more EV Vehicles, building of more EV Charging Stations and funding for additional renewable clean energy coming from solar and wind. Meanwhile, a bi-partisan group of senators agreed to a massive spending plan without a tax increase: $974 billion in five years, $1.2 trillion in eight years and $579 billion in new spending. A showdown between Republicans and Democrats is expected as soon as this week.

Included in the program as proposed by Biden is $174 billion towards subsidizing electric vehicle manufacturers, additional tax incentives for electric vehicle buyers, grants and incentive programs for charging station infrastructure and other EV vehicle support programs. That plan is headed for a future Congressional vote. The rebates would be on top of the $7,500 consumers are eligible for in tax credit subsidies for electric vehicles now. U.S Fossil Fuel Oil Companies Are Reluctantly Transitioning To Green Energy — European Energy Firms Are Moving Quicker To Solar And Wind Renewables; President Biden’s Infrastructure Plan Supports Solar And EV Charging; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Steadfast In Belief In Clean Energy Sector.

As European energy companies show a bullish and more aggressive activity to acquire more clean green energy companies, American-based oil firms appear reluctant to abandon their oil and gas assets. A vibrant core of pro-clean energy renewable firms — such as Solar Integrated Roofing Corp. (OTC PINK: SIRC) —   are steadfast in their view of a green future. U.S Fossil Fuel Oil Companies Are Reluctantly Transitioning To Green Energy — European Energy Firms Are Moving Quicker To Solar And Wind Renewables; President Biden’s Infrastructure Plan Supports Solar And EV Charging; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Steadfast In Belief In Clean Energy Sector.

Dedicated to the growth of clean green energy renewables is Solar Integrated Roofing Corp. (OTC PINK: SIRC) and David Massey, its CEO and founder. He and his expanding team of management executives are growing the company’s national footprint in solar, EV Charging Stations, rechargeable batteries, roofing and even agricultural all-electric tractors. SIRC has never changed its focus away from clean green energy.

Awaiting the outcome this week over Federal renewable energy support spending, Solar Integrated Roofing Corp. (OTC PINK: SIRC) remains positive on clean energy — solar, rechargeable storage solar batteries, EV Charging Stations and new roofing. Solar Integrated Roofing Corp. (OTC PINK: SIRC) has set at least $100 million preliminary 12 month revenue guidance through May 31, 2022, reflecting its rapid growth both through acquisitions and organic increases.

David Massey, CEO of SIRC, said the company could grow volume even further in this time period if SIRC continues to populate its acquisition pipeline. SIRC has been rolling up roofers and solar and battery installers creating a true platform company as well as shoring up its back office and sales efficiencies/capabilities to scale nationwide, he said. U.S Fossil Fuel Oil Companies Are Reluctantly Transitioning To Green Energy — European Energy Firms Are Moving Quicker To Solar And Wind Renewables; President Biden’s Infrastructure Plan Supports Solar And EV Charging; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Steadfast In Belief In Clean Energy Sector.

Solar Integrated Roofing Corp. (OTC PINK: SIRC) Remains Focused On Expanding Its Solar Footprint In Renewable Energy Sectors from Solar To EV  Charging Stations

Massey added, “We are realizing both acquisitive and organic growth on all fronts while minimizing dilution. Looking ahead, we continue to populate our acquisition pipeline which could further grow this $100 million revenue guidance figure. I look forward to continued operational execution in the months ahead, working closely with our team to create sustainable value for our shareholders over the long-term.” U.S Fossil Fuel Oil Companies Are Reluctantly  Transitioning To Green Energy — European Energy Firms Are Moving To Solar And Wind Renewables; President Biden’s Infrastructure Plan Supports Solar And EV Charging; Solar Integrated Roofing Corp. (OTC PINK: SIRC) Is Steadfast In Belief In Clean Energy Sector.

Learn more about SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/.

Source: Stock Market Press

Join Stock Market Press’ newsletter for the latest in IPO, market commentary and company profiles.

Stock Market Press is a financial news company that delivers up to date stock news, introduces private and public companies to a wide audience of investors, consumers, journalists and the general public via social media and a rapidly expanding network.

Contact:

Stock Market Press
110 Wall St.
New York, NY 10005 info@stockmarketpress.com https://twitter.com/PressStock

Safe Harbor Statement:

Statements in this news release may be ”forward-looking statements.” Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in forward-looking statements due to numerous factors. Any forward-looking statements speak only as of the date of this news release and Stock Market Press undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this news release.

See Stock Market Press disclaimer: https://stockmarketpress.com/disclaimer/ SOURCE: Stock Market Press