Oil firms must finance green energy

Oil firms must finance green energy | LSE Business Review

The shift towards green energy generation, transmission and distribution primarily hinges on investments by oil and gas firms and financing by the financial ...

Oil and gas firms must convert to renewables or face decline, says ...

Oil and gas producers must convert their operations to renewable energy or face steep economic decline, the world's chief energy adviser has said.

Why Oil Companies Support Renewable Energy

A Penn economist explores the relationship between regional energy policy and oil company support for renewable power.

How oil and gas companies can be successful in renewable power

For oil and gas in the energy transition, traditional business models need to be upgraded. To lead, players can invest in the sustainable ...

Bank funding for renewables stagnates vs oil and gas - report

Lenders say they must finance fossil fuels given global energy needs but that they are helping firms transition to low-carbon future. Renewable ...

Oil and gas industry faces moment of truth – and opportunity to adapt

Oil and gas companies currently account for just 1% of clean energy investment globally – and 60% of that comes from just four companies. “The ...

Big oil companies are driven by profit – they won't turn green by ...

To understand the economics of the energy transition, we should adopt a “profit-centric” perspective, rather than a cost-centric one.

Big oil companies are spending millions to appear 'green ... - CNN

“The world will still need oil and gas for many years to come,” the Shell spokesperson added. “Investment in them will ensure we can supply the ...

Greening oil money: The geopolitics of energy finance going green

And based on this, it is clear that the hydrocarbon industry simply has to be at the center of the conversation on climate change. And most importantly, oil and ...

Why making oil is more profitable than saving the planet - NPR

According to the International Energy Agency, the oil industry would need to spend 50% of that on clean energy by 2030 to be on track to meet ...

Energy is a very long game: yet fossil fuel companies are taking a lot ...

Oil and gas incumbents are doubling down on investment and their financial backers are exiting governance bodies: this raises the risks to investors to another ...

How Much Green Pressure Do Oil Companies Feel from Financial ...

Independent oil companies (IOCs) face a different set of incentives and have reached a different set of conclusions—so far, at least. European ...

Oil-and-Gas Companies Account for Only 1% of Clean-Energy ...

The IEA estimated about half of the industry's capital expenditures should go toward clean energy projects by 2030 to be on track for the Paris ...

Chart: How much are oil and gas firms spending on clean energy ...

Oil and gas companies, eager to distance themselves from the planet-warming reality of their core business, aren't shy about touting their ...

Cover story: Why are banks still financing fossil fuels? - The Banker

“We now have an expectation across European oil and gas companies and large energy companies to have set net zero as a target. You've also seen ...

Just 7% of Global Banks' Energy Financing Goes to Renewables ...

Leaders of the industry-led group, which is committed to accelerating the energy transition by the finance sector, are vocal about the need for ...

How Oil Companies Are Moving Toward Renewable Energy

New technology, such as carbon capture and hydrogen fuel cells, have enormous potential for reducing emissions. Oil and gas companies should ...

Clean energy investment is extending its lead over fossil fuels ...

Spending on upstream oil and gas is expected to rise by 7% in 2023, taking it back to 2019 levels. The few oil companies that are investing more ...

ING takes next steps on energy financing after COP28

We've announced that we'll phase out the financing of upstream oil and gas to zero by 2040, and aim to triple our renewable energy financing by 2025.

Banks Say They're Acting on Climate, But Continue to Finance ...

... money from oil and gas to clean energy, “but not enough. They are ... If major banks cut off finance to oil companies, Gross said drillers would ...