Major energy companies have recently started moving their investments away from oil exploration due to the emergence of renewable energy as a credible alternative. Yet the government of Ghana has decided to borrow money to invest in oil exploration. Do you agree with the government’s decision? Explain your stance.
Major energy companies have recently started moving their investments away from oil exploration due to the emergence of renewable energy as a credible alternative. Yet the government of Ghana has decided to borrow money to invest in oil exploration. Do you agree with the government’s decision? Explain your stance.
Investment in renewable energy by many countries is one of the wise decisions from the long0run point of view. Many countries have started moving towards renewable resources in order to secure their future. This happens as the price of oil is high and the supply of oil is not permanent in nature. Thus, it is important for the countries to start investing in renewable energy to meet their long-term strategies and policies. Therefore, the decision of investing in oil cannot be considered a good decision.
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