Corporate Strategy
Strategic business decisions and diversification efforts by major corporations.
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Fortescue has reportedly removed its dedicated "Our Green Energy Projects" landing page from its corporate website.
Uniper has sold its 18.26% shareholding stake in AS Latvijas Gaze to Energy Investments SIA, marking a significant step in its strategic portfolio realignment.
Ecopetrol, Colombia's state oil firm, has acquired the 205 MW Windpeshi wind power project from Enel for approximately $50 million, significantly expanding its clean energy portfolio.
BP has significantly scaled back its net-zero targets, reducing renewable energy investments by $5 billion while increasing fossil fuel spending to $10 billion annually by 2030.
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Four global oil and gas majors—ExxonMobil, Shell, TotalEnergies, and Chevron—are collectively investing billions into low-carbon energy solutions.