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

Ofgem confirms Tim Jarvis as new chief executive

Ofgem confirms Tim Jarvis as new chief executive

Interim boss confirmed in role on permanent basis, as he faces 'pivotal moment' for a sector facing its second fossil fuel shock in five years

James Murray
clock 05 October 2026 • 3 min read
A new age of industrialisation needs a new approach to industrial energy

A new age of industrialisation needs a new approach to industrial energy

Partner Insight: As the UK looks to strengthen its industrial base, Madeline Lockyer, Markets Director at Carbon Shift, Equans UK & Ireland, explores why funding, flexibility and electrification need to be considered together.

Madeline Lockyer, Equans UK & Ireland
clock 05 October 2026 • 4 min read
Oil and gas giants report upstream methane emissions are down 61 per cent in last decade

Oil and gas giants report upstream methane emissions are down 61 per cent in last decade

Oil and Gas Climate Initiative members claim to have hit collective carbon and methane targets for 2025, despite production increases

Stuart Stone
clock 01 October 2026 • 5 min read