News
29 January 2020

CMS: Oil majors investing just 3% of capital into renewables

In:
Oil & gas, Power, Renewables
Region:
Middle East & Africa, Americas, Asia-Pacific, Europe

Oil majors responsible for half of global output are investing just 3% of their combined capital expenditure on renewable energy sources, according to a new report by law firm CMS.Fifteen of the world’s largest oil companies, including Shell, BP, Exxon Mobil, and Saudi Aramco spent about $6.6...

Exclusive subscriber content…

If you are a TXF subscriber, please login to continue reading

Login

Not yet a subscriber? Join us today to continue accessing content without any restrictions

View our subscription options

Or to request access to TXF Intelligence contact us

Request Access

You might also like


Video
22 July 2026

Wartsila: ECAs need to up emerging market risk

TXF spoke with Andreas Back, Product Security Development Manager at Wartsila to outline the major challenges and opportunities for major EPCs tapping ECA support, as well as...

Perspective
24 July 2026

GCC: When ECAs hit the country ceiling

Fragmented Gulf procurement, tighter local liquidity, strained country limits and Saudi-scale ambition are forcing ECAs beyond the classic tied facility. Shopping lines,...