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BP, Shell, and Exxon Signal One Thing: Oil Isn’t Going Anywhere

Summary by Oil Price
Ever since BP admitted that its attempt to go green had ended in a disaster, the flow of news from the energy industry has been in one single direction: back to oil and gas, which make money. Indeed, Big Oil has finally accepted it will not transform into Big Green Power and has gone back to what it does best: hydrocarbons. In late February, when it made its very unsurprising admission, BP said it would boost spending on oil and gas production b…

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BP, Shell, and Exxon Signal One Thing: Oil Isn’t Going Anywhere

Ever since BP admitted that its attempt to go green had ended in a disaster, the flow of news from the energy industry has been in one single direction: back to oil and gas, which make money. Indeed, Big Oil has finally accepted it will not transform into Big Green Power and has gone back to what it does best: hydrocarbons. In late February, when it made its very unsurprising admission, BP said it would boost spending on oil and gas production b…

·London, United Kingdom
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polanddaily24.compolanddaily24.com

Fossil Fuel Giants Retreat from Green Investments: "The Optimism Was Unwarranted"

The world’s largest fossil fuel companies are withdrawing from, or significantly scaling back, green investments undertaken in recent years. A noticeable trend has also emerged of divestment from so-called green financial instruments, including bonds and banking alliances. Recently, the portal oilprice.com compiled a list of actions by major European fossil fuel corporations indicating a retreat from previously […] The post Fossil Fuel Giants Re…

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Energy CentralEnergy Central

𝗘𝘅𝘅𝗼𝗻𝗠𝗼𝗯𝗶𝗹 𝗣𝗹𝗮𝗻𝘀 𝗟𝗮𝗿𝗴𝗲 𝗚𝗮𝘀 𝗣𝗹𝗮𝗻𝘁 𝘄𝗶𝘁𝗵 𝗖𝗖𝗦 𝗳𝗼𝗿 𝗗𝗮𝘁𝗮 𝗖𝗲𝗻𝘁𝗲𝗿 𝗣𝗼𝘄𝗲𝗿

In response to the demand for more computational power, ExxonMobil plans to sell low-carbon electricity to data centers.  The oil and gas giant is building a massive natural gas-fired plant which is already in early development stages. The company said its carbon capture and storage (CCS) system could trap and store over 90% of the plant’s CO2 emissions. Exxon believes data..

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Energy Central broke the news in on Friday, March 28, 2025.
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