wind
Dec 27, 2024
Big Oil Reverses Course on Renewable Investments
In 2024, major European energy companies, including BP and Shell, have shifted their focus back to oil and gas, scaling back renewable energy initiatives.
In 2024, major European energy companies, including BP and Shell, have shifted their focus back to oil and gas, scaling back renewable energy initiatives. This strategic reversal follows increased energy costs after geopolitical tensions and delays in global clean energy policies. BP has spun off its offshore wind projects, and Shell has halted investments in offshore wind and reduced its carbon targets. This retrenchment poses challenges for global climate efforts, with carbon emissions expected to rise in 2024. Read more.
More in
wind
wind
Jul 19, 2025
BP Sells U.S. Onshore Wind Business, Retreating from Green Energy
BP has agreed to offload its U.S. onshore wind assets—covering 10 wind farms powering over 500,000 homes—to LS Power, as it pivots back toward oil and gas amid financial pressures and underperformance in its green-energy arm.
wind
Jul 7, 2025
Trump Issues Executive Order Ending Wind & Solar Tax Subsidies
President Trump signed an executive order mandating federal agencies to enforce the termination of wind and solar tax credits after 2026 and adjust Interior policies perceived as favoring renewables.