Finance & Investment

Investments in green projects hit by the turbulence after SVB collapse

The big shocks after the collapse of the Silicon Valley Bank (SVB) caused fear, panic, and complete reserve in the financial markets. Although it was assumed that the bank’s failure would have a limited impact, the opposite nearly proved to be the case. The unthinkable also happened. One of the largest banks from the homeland …

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BP's renewables strategy: Why it's changing

The climate goals in danger: BP board to vote against climate activist resolution

BP’s board has recommended that shareholders vote against a climate activist resolution on climate goals at the upcoming annual general meeting (AGM) on April 27th. The resolution, filed by the activist group Follow This, calls for more emissions cuts by 2030, in line with the Paris climate agreement. The resolution also calls for emissions cuts …

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Investments in renewable energy sources this year with a growth of 10%

Investments in renewable energy sources and in compatible energy infrastructure will also record growth this year. The analysis noted the growth trend of investments in this sector already last year. This is to be expected, especially considering that the war in Ukraine is unfortunately being delayed, and this will directly affect energy prices, and will …

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Sustainability financing: Clean energy vs fossil fuels

Sustainability financing: Clean energy vs fossil fuels “match” result is 81:100

According to research released on Tuesday, banks supplied 81 cents in financial support to low-carbon, clean energy supply for every dollar they provided to fossil fuels in 2021. However, if the world is to meet its climate targets, banks will need to significantly increase their pledges. The world must invest $4 in renewable energy for …

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Renewables as key factor in reducing Europe's dependence on fossil fuels

To achieve the set goals, it is necessary to boost investments in renewables

Despite the great political support for investments in green energy in the direction of greater energy dependence and reduction of CO2 emissions, investments in this sector are still smaller compared to investments in fossil fuels. The energy crisis that swept the world positively influenced the development of projects based on renewables and energy infrastructure for …

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U.S. drillers reduced the most oil and gas rigs in a month

U.S. drillers reduced the most oil and gas rigs in a single month since June 2020

The U.S. energy industry experienced a decline in oil and natural gas rigs in February, with energy companies cutting the most oil and gas rigs in a single month since June 2020. This is according to data from energy services company Baker Hughes Co. The decline in the rig count is a leading indicator of …

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French investment of 87.5 million euros to boost African solar power

French investment of 87.5 million euros to boost African solar power

French fund manager RGREEN INVEST and investment adviser ECHOSYS INVEST said on Friday that a new investment fund with 87.5 million euros ($92.63 million) will finance solar power production across Africa, with a concentration on West and Central Africa. According to the announcement, the first close of the AFRIGREEEN Debt Impact Fund would fund on- …

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