Carbon Tracker: Billions of oil projects threatened by crude prices

BusinessGreen staff
clock

NGO argues oil majors should cancel at least $91bn of projects that need high oil prices to succeed, although over $500bn is at risk

Over half a trillion dollars of investments by major oil companies over the next decade are at risk from high costs and low crude oil prices, threatening shareholder returns, a new study has claimed today....

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Risk

'The fingerprints of climate change': ONS confirms food price inflation remains stubbornly high

'The fingerprints of climate change': ONS confirms food price inflation remains stubbornly high

UK inflation falls slightly to 2.8 per cent, but experts fear rising energy and food costs could push up prices in coming months

James Murray
clock 26 March 2025 • 3 min read
Heathrow fire shows just how vulnerable UK energy infrastructure is - we've simulated the major climate-related risks

Heathrow fire shows just how vulnerable UK energy infrastructure is - we've simulated the major climate-related risks

Hayley J. Fowler, Colin Manning, and Sean Wilkinson, Newcastle University - The Conversation
clock 25 March 2025 • 5 min read
Why water is critical for business resilience

Why water is critical for business resilience

Ahead of World Water Day, Ekhosuehi Iyahen, secretary general at the Insurance Development Forum, and Diageo's Michael Alexander share their reflections on a recent water resilience roundtable in London comprising businesses, financial services firms...

Ekhosuehi Iyahen, Insurance Development Forum, and Michael Alexander, Diageo
clock 21 March 2025 • 4 min read