In early 2025, BP slashed its annual funding for energy transition initiatives by over $5 billion, bringing it down to just $1.5–2 billion per year.
Shell has similarly retrenched—only 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. ⚡
These are not isolated data points. They signal a broader shift in priorities—where short-term profitability, shareholder pressure, and rising cost of capital are reshaping boardroom decisions. 📉📊
Our very own lead climate tech investor, Arpit Agarwal, breaks down what’s really driving this trend—and 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. 🎥