Are oil and gas majors starting to explore a future beyond fossil fuels?

Michael Holder
clock • 8 min read

Investment in clean energy from fossil fuel majors was more resilient during the pandemic in 2020, research suggests

From almost every angle, the global oil and gas sector is facing rapidly intensifying pressure to decarbonise. Last year the coronavirus crisis shook the industry to its core, with the sudden drop in...

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

Schneider Electric and Kraken join forces to advance grid flexibility solutions

Schneider Electric and Kraken join forces to advance grid flexibility solutions

Partners aim to unlock grid capacity by providing utilities and distribution system operators with new levels of visibility and control over the network

clock 10 June 2026 • 2 min read
How Europe's reliance on gas could increase electricity bills by up to €120 a year

How Europe's reliance on gas could increase electricity bills by up to €120 a year

Italy, Ireland, and the UK most exposed to energy bill increases given gas continues to dominate their wholesale power markets, IEEFA claims

Stuart Stone
clock 09 June 2026 • 5 min read
'For many businesses, energy is no longer a controllable overhead', government warned

'For many businesses, energy is no longer a controllable overhead', government warned

EXCLUSIVE: Reducing reliance on external energy markets must be treated as a core business priority, open letter argues

Stuart Stone
clock 09 June 2026 • 4 min read