Turns out, saving the planet isn’t profitable enough.
Norwegian energy giant Equinor announced plans to slash its renewable energy investments by half over the next two years, all while ramping up oil and gas production.
The CEO put it bluntly: "we don't see the necessary profitability in the future" in renewables.
Profit over planet, as usual.
https://www.bbc.co.uk/news/articles/c30d4ernzqjo
#climatechange #energy #fossilfuels
Norwegian energy giant Equinor announced plans to slash its renewable energy investments by half over the next two years, all while ramping up oil and gas production.
The CEO put it bluntly: "we don't see the necessary profitability in the future" in renewables.
Profit over planet, as usual.
https://www.bbc.co.uk/news/articles/c30d4ernzqjo
#climatechange #energy #fossilfuels
BP profits drop as it says it will reset strategy
The oil giant is widely expected to say it will scale back on renewables later this month.Tom Espiner (BBC News)
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