Fossil fuels sector adapts to evolving energy landscape

Fossil fuels sector adapts to evolving energy landscape

China's oil and gas sector is pro-actively adapting to a changing energy landscape, balancing stringent carbon emissions targets with the crucial need for energy security, according to industry experts.

Financial Institutions Eye Green Growth, Clinge to Fossil Fuels

Nearly three-quarters (72%) of financial institutions have no plans to reduce their investments in fossil fuels over the next 10 years. However, 44% plan to increase their exposure to green assets over the same period, demonstrating a growing focus on low-carbon investments. Additionally, nearly 80% of respondents are more likely to finance companies with clear climate transition plans than those without, according to a new Net Zero report from …