Report: Oil price crash stalls more than $100bn of fossil fuel investment

Jessica Shankleman
clock

Research on behalf of the Financial Times shows oil majors have shelved or delayed 26 schemes, including nine tar sands projects

Oil majors have put more than $100bn of investment in new projects on ice in response to the plunge in oil price, new analysis by consultancy Rystad Energy revealed today. The study, commissioned by...

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 Investment

Study: Multilateral banks' funding for sustainable animal agriculture trebled to $244m last year

Study: Multilateral banks' funding for sustainable animal agriculture trebled to $244m last year

Fresh research by the Stop Financing Factory Farming coalition also shows MDB investment in factory farming fell last year

Stuart Stone
clock 01 July 2025 • 4 min read
Purpose over profit? How UK start-ups are redefining success through social impact

Purpose over profit? How UK start-ups are redefining success through social impact

Fresh research shows start-ups are increasingly measuring themselves in terms of sustainability and impact, writes HSBC's Tom Wood

Tom Wood, HSBC UK
clock 01 July 2025 • 4 min read
London's super sewer project offers UK's first 'Blue Bonds'

London's super sewer project offers UK's first 'Blue Bonds'

Company behind London's Thames Tideway Tunnel issues £250m eight year Blue Bond

clock 27 June 2025 • 2 min read