Oil giants move away from green energy, return to hunting for new deposits | WION Climate Tracker
Edited By WION Video Desk
Published: Jul 04, 2023, 21:00 IST | Updated: Jul 04, 2023, 21:00 IST
Oil and gas companies are renewing their commitment, not towards renewable energy- but back towards their legacy business- fossil fuels. Companies like Shell & BP have slowed down their plans to shift away from fossil fuels and are intensifying their hunt for new deposits- proving once again, that profits trump climate. The renewed interest for oil & gas come after firms earned record profits from the fossil fuel price surge- driven by the Ukraine war.
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