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

Michael Holder
Author spotlight

Michael Holder

Editor

View profile
More from Michael Holder

How can businesses navigate the rapidly evolving carbon removals market?

Study: Rising UK grocery prices driven by climate impacted foods

More on Energy

Iran War: Over 85 per cent of investors expect surge in renewables financing
Energy

Iran War: Over 85 per cent of investors expect surge in renewables financing

Investment managers predict global and UK-focused clean energy funding will increase in the wake of the latest oil and gas crisis, UKSIF finds

Stuart Stone
Stuart Stone
clock 21 May 2026 • 4 min read
Wind and solar generate more electricity than gas globally for first time
Energy

Wind and solar generate more electricity than gas globally for first time

Ember report confirms wind and solar surpassed gas generation last month, as governments rushed to secure 'cheap, homegrown and secure' sources of energy

Stuart Stone
Stuart Stone
clock 21 May 2026 • 3 min read
COP31 President urges world to 'electrify processes throughout our lives'
Energy

COP31 President urges world to 'electrify processes throughout our lives'

Turkish Minister Murat Kurum backs global push to deploy electric technologies that can curb fossil fuel use, hinting measures to boost electrification could be top priority at November's UN climate talks

Michael Holder
Michael Holder
clock 20 May 2026 • 5 min read