Reported about 18 hours ago
In 2024, major European oil companies like BP and Shell reversed their investments in renewable energy to prioritize profitable oil and gas projects, prompted by rising energy costs and slow clean energy policies due to geopolitical tensions. Despite prior commitments to reduce carbon emissions and expand renewable capacity, these companies are facing tightening financial constraints and a potential rise in global carbon emissions. As uncertainty looms over future U.S. climate policies, the shift indicates a challenging landscape for climate change mitigation efforts.
Source: YAHOO