Nov 18, 2024
European Oil Giants Reassess Renewable Energy Commitments
Major European oil companies, including BP, Shell, and Equinor, are reevaluating their renewable energy strategies, shifting focus back to oil and gas amid rising costs and profitability concerns in green projects.
In response to the energy crisis following geopolitical tensions and the declining profitability of renewable projects due to escalating costs and supply chain issues, European oil majors are scaling back investments in low-carbon initiatives such as hydrogen and offshore wind. This strategic pivot raises questions about the long-term sustainability of their energy transition plans, especially with the anticipated peak in global oil demand by the decade’s end. Read more.
More in
Aug 11, 2025
Airline industry struggles to scale sustainable aviation fuel as flagship refinery shuts down and most projects stall.
A Reuters investigation reveals that only a fraction of the 165 sustainable aviation fuel (SAF) projects announced over the past decade have materialized, with World Energy’s flagship SAF refinery in California closing, underscoring systemic challenges that leave airlines far from meeting climate targets.
Jul 28, 2025
New York Projects Clean Energy Targets Will Be Missed Without Major Adjustment
New York’s freshly released energy plan warns the state will miss its climate mandates—such as powering 70% of its grid with renewables by 2030—unless grid upgrades, storage, and project deployment accelerate sharply.