Greenpeace: Failure to make clean energy shift will cost Europe's utilities billions

Will Nichols
clock

Campaign group says over-investment in fossil fuels will ensure profits continue to fall for largest energy companies

Europe's 10 largest power companies are set to lose billions of euros after over-investing in fossil fuels rather than renewable energy, according to new Greenpeace research. In a paper to be published...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

Why do we ignore obvious energy security solutions?

Why do we ignore obvious energy security solutions?

Even in the midst of a severe global fossil fuel energy crisis, energy efficiency measures - supported by electrification and digital technologies - are still too often overlooked, writes Nicola Cullen from the Climate Group

Nicola Cullen, Climate Group
clock 07 May 2026 • 4 min read
Poll: Majority of UK public believes excessive oil and gas profits are 'morally wrong'

Poll: Majority of UK public believes excessive oil and gas profits are 'morally wrong'

Survey of over 2,000 UK adults finds strong support for expanding homegrown clean energy to boost Britain’s energy security

Michael Holder
clock 06 May 2026 • 5 min read
UK-US consortium targets first nuclear fusion power plant by mid-2030s

UK-US consortium targets first nuclear fusion power plant by mid-2030s

Bill Gates-backed Type One Energy, UK-based Tokamak Energy, and infrastructure services giant AECOM reveal plans to deliver UK's first commercial fusion facility within a decade

Michael Holder
clock 06 May 2026 • 3 min read