Report: European energy giants putting $14bn of earnings at risk through fossil fuels reliance

Michael Holder
clock • 3 min read

CDP analysis finds 14 major utility firms set to miss carbon budgets due to heavy reliance on fossil fuel power generation

Major energy utilities across Europe are putting $14bn of their earnings at risk by relying too heavily on fossil fuels for power generation, a CDP study has found. Research published today by the non-profit...

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

Octopus Energy to launch home cooling 'add-on' for heat pumps

Octopus Energy to launch home cooling 'add-on' for heat pumps

Energy giant plans to begin offering 'Cosy Cooler' units to households with heat pumps from next year, promising to deliver cooling at a fraction of the cost of installing separate air conditioning units

Michael Holder
clock 14 October 2026 • 3 min read
IRENA: 'Electrification and renewables must accelerate dramatically'

IRENA: 'Electrification and renewables must accelerate dramatically'

International Renewable Energy Agency warns clean energy transition off track to meet global climate goals

James Murray
clock 13 October 2026 • 4 min read
 SmartestEnergy and Zenco partner to launch UK's first seaweed-powered biomethane plant

SmartestEnergy and Zenco partner to launch UK's first seaweed-powered biomethane plant

SmarestEnergy has signed a long-term deal to bring green gas from a new seaweed-powered plant to market and feed it into the grid

clock 13 October 2026 • 2 min read