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Should oil and gas companies release their cleantech patents into the public domain?
Patents and existing market mechanisms allow innovation to occur.
has resulted in oil and gas companies increasing their investment in cleantech. (p.4)
Investors and shareholders are placing pressure on major oil and gas companies to
their energy portfolio and develop more cleantech.
Demand for cleantech is projected to grow
than demand for oil in the next two decades.
Just having a patent does not lead to innovation or create profit for the company holding it. The technology described in the patent needs to be put to work for any of that to occur - a product needs to be developed and marketed, or the solution described needs to be implemented.
During periods of recession it is
that oil and gas companies will allocate resources to developing products based on their cleantech patents.