As the climate crisis grows, Big Oil finds itself over a barrel

clock • 8 min read

The sector is facing strong headwinds from activists, investors and governments, pitting the companies' relentless growth ambitions against the worsening signs of climate change

These aren't the happiest of times for the fossil fuel industry, and the petroleum majors in particular. The world's largest oil and gas companies are facing strong headwinds from activists, investors...

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 Climate change

Study: Record 52 per cent of Europe exposed to 'very strong' summer heat stress

Study: Record 52 per cent of Europe exposed to 'very strong' summer heat stress

Consequences of 'summer of compounded climate extremes' extend far beyond temperature records, EU's Copernicus Climate Change Service warns

Stuart Stone
clock 02 October 2026 • 5 min read
'A sign of things to come': UK grain farmers among worst hit by European drought

'A sign of things to come': UK grain farmers among worst hit by European drought

'Unprecedented' extreme heat and drought cost Europe equivalent to entire grain output of Italy, Belgium, and the Netherlands

Stuart Stone
clock 02 October 2026 • 4 min read
Global Briefing: Climate-impacted flash floods a 'warning to world', says Nepal's PM

Global Briefing: Climate-impacted flash floods a 'warning to world', says Nepal's PM

Leader warns of 'colossal' climate price being paid by smaller nations, High Seas Treaty passes 100 ratifications, and Australia's opposition leader claims COP31 co-host has 'done its bit' on climate

Stuart Stone
clock 25 September 2026 • 12 min read