USA: One Fifth of Energy CFOs Choose Geothermal to Green the Future

EGEB: Energy CFOs agree that solar will dominate the sustainability market (Electrek)

Assurance, tax, and advisory services firm BDO has released a new CFO outlook survey called, “Energy Goes Green.” The 2020 BDO Energy Outlook Survey polled 100 chief financial officers (CFOs) at US energy organizations with revenues ranging from $250 million to $3 billion in October and November 2019.

The overall finding is that energy CFOs agree that green energy is the future. 38% of oil and gas CFOs felt the most dominant alternative energy by 2023 would be solar, followed by 28% choosing hydroelectric, and 16% choosing wind. 38% of power generation CFOs agreed about solar, but 22% chose wind, and 20% chose geothermal.

If their opinions here are any indicator of their planned investments, we may see a diverse array of renewable markets grow—including solar, wind, hydroelectric, geothermal, and more.

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