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
27 February 2026
LNG would serve as a backup supply source as domestic gas declines and the country’s energy system comes under stress during periods of low hydropower output and high energy demand
27 February 2026
The assumption that oil markets will re-route and work around sanctions is being tested, and it is the physical infrastructure that is acting as the constraint
27 February 2026
The 25th WPC Energy Congress to take place in tandem as part of a coordinated week of high-level ministerial, institutional and industry engagements
27 February 2026
The deepwater sector must be brave by fast-tracking projects and making progress to seize huge offshore opportunities and not become bogged down by capacity constraints and consolidation
