In early 2025, BP slashed its annual funding for energy transition initiatives by over $5 billion, bringing it down to just $1.5тАУ2 billion per year.
Shell has similarly retrenchedтАФonly 8.2% of its $4.95 trillion Q3 2024 expenditure went to renewables.
And in February 2025, Equinor announced it would halve its planned investments in renewable energy, cutting its commitment from $10 billion to $5 billion. тЪб
These are not isolated data points. They signal a broader shift in prioritiesтАФwhere short-term profitability, shareholder pressure, and rising cost of capital are reshaping boardroom decisions. ЁЯУЙЁЯУК
Our very own lead climate tech investor, Arpit Agarwal, breaks down whatтАЩs really driving this trendтАФand why the hands of energy executives may be tied, even if the long-term intent remains unchanged.
Watch the video to understand the structural tensions playing out in the energy sector. ЁЯОе