Europe sees greater societal pressure for greener policies than the US
Outlook 2022: European IOCs lead decarbonisation race
The region’s foremost operators are frontrunners in the global shift to lower-carbon energy
Corporate environmental policies have never faced such scrutiny before. Global net-zero carbon commitments are on the rise and pandemic-hit nations are putting environmental impact and low-carbon strategies at the heart of their recovery plans. The long-awaited Cop26 climate conference is only adding to this ESG pressure. When it comes to decarbonisation and transitioning into integrated energy companies (IECs), European oil majors are undoubtedly setting the pace among global competitors. BP aims to increase its annual low-carbon investment tenfold, to around $5bn/yr, by 2030. Not far behind, Shell will increase its investments to a more modest $2-3bn in the near future. BP is taking the mo
Also in this section
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
21 November 2024
Maintaining a competitive edge means the transformation must maximise oil resources as well as make strategic moves with critical minerals
