Stranded assets: Report warns US oil majors are lagging European rivals in clean energy transition

clock • 4 min read

Latest study from Carbon Tracker shows that while US firms are particularly exposed, all oil and gas firms would face massive stranded asset risk in the event of a successful energy transition

US companies are lagging way behind their European rivals in adapting their business models to a low-carbon future which would see demand for fossil fuels drastically reduced, a new study released today...

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

Oil prices fall as President Trump vows to take control of Venezuelan oil revenues

Oil prices fall as President Trump vows to take control of Venezuelan oil revenues

President announces that Venezuela is to hand over between 30 and 50 million barrels of oil to the US following military action

James Murray
clock 07 January 2026 • 5 min read
SSEN Distribution confirms plan for new long-term flexibility auction

SSEN Distribution confirms plan for new long-term flexibility auction

Auction to open next Monday, as grid operator seeks a further 46MW of flexible capacity

James Murray
clock 06 January 2026 • 3 min read
Study: US renewables capacity tipped to more than double to over 1TW by 2035

Study: US renewables capacity tipped to more than double to over 1TW by 2035

New report predicts US renewables sector will continue to expand, despite opposition from Trump White House

BusinessGreen staff
clock 31 December 2025 • 4 min read