Study: Oil and gas exploration booming despite global pact to 'transition away' from fossil fuels

Cecilia Keating
clock • 3 min read
Study: Oil and gas exploration booming despite global pact to 'transition away' from fossil fuels

UK is among a group of five richer nations which have together issued two-thirds of oil and gas licenses since 2020, according to the IISD

Oil and gas exploration worldwide has surged to the highest level in five years, despite hundreds of nations agreeing to "transition away" from fossil fuels in energy systems at last year's UN Climate...

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

Study: Iran War energy crisis loads over $100bn of additional costs onto households and businesses

Study: Iran War energy crisis loads over $100bn of additional costs onto households and businesses

Analysis from campaign group 350.org calculates surge in oil and gas prices has led to over $104bn of additional costs for consumers worldwide over the past month

James Murray
clock 30 March 2026 • 4 min read
AI is the UK energy sector's untapped optimisation opportunity

AI is the UK energy sector's untapped optimisation opportunity

With grid pressures mounting and demand-side flexibility still underutilised, AI-driven optimisation may be one of the most undervalued levers in the UK's net zero transition, writes Centrica's Gunjan Arora

Gunjan Arora, Energised Future at Centrica
clock 30 March 2026 • 4 min read
Global Briefing: Sun King plots $150m off-grid solar rollout in Ethiopia

Global Briefing: Sun King plots $150m off-grid solar rollout in Ethiopia

Plus Trump Administration agrees to pay TotalEnergies $1bn to ditch offshore wind in the US, electric air taxis inch closer to 'commercial readiness', and are EU electric car sales catching up with China?

Michael Holder
clock 27 March 2026 • 9 min read