In 2024, major European oil companies like BP and Shell slowed down renewable energy investments and focused on oil and gas for higher profits, citing geopolitical disruptions and economic pressures. The trend reflects a global rollback on clean energy commitments as climate challenges intensify BulletsIn European energy firms cut low-carbon spending by 8% in 2024.
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In 2024, major European oil companies like BP and Shell slowed down renewable energy investments and focused on oil and gas for higher profits, citing geopolitical disruptions and economic pressures. The trend reflects a global rollback on clean energy commitments as climate challenges intensify BulletsIn European energy firms cut low-carbon spending by 8% in 2024.
