2027 Development Divestment 
ESG Today
JULY 18, 2025
Energy giant bp announced today an agreement to sell its onshore wind business, bp Wind Energy, to power and energy infrastructure developer and operator LS Power, forming part of bp’s strategy to refocus on growing its oil and gas business. The strategy included plans for approximately $20 billion of divestments by the end of 2027.
ESG Today
JULY 7, 2022
Martin Neubert, Deputy Group CEO and Chief Commercial Officer at Ørsted, said: “Offshore wind once again proves itself as a homegrown source of clean energy at large scale that will help the UK achieve its climate targets and increase energy independence while creating local jobs and industrial development.”.
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Chris Hall
APRIL 5, 2022
The report acknowledged steps the EU had taken to stimulate investment in building renovation, such as the mandatory Energy Performance Certificates and minimum energy performance standards for existing buildings from 2027. . Do they divest so the poorly performing assets are no longer on their books? Wielding effective policy .
Chris Hall
SEPTEMBER 7, 2023
The NOC is planning to increase oil production capacity from 12 million barrels per day to 13 million by 2027. Carbon Tracker developed a Global Registry of Fossil Fuels in 2022 to serve as a public database of emissions from fossil fuel reserves and production worldwide and track their impact on the global carbon budget.
Chris Hall
MAY 25, 2022
On 18 May, the Commission provided more details on its €300 billion REPowerEU plan, originally unveiled in March , which focuses on short-term recommendations between now and 2027, as well as medium-term targets which increase existing 2030 goals. Redrawing the blueprints .
Chris Hall
APRIL 12, 2023
At a system level, disparities in income lead to increased financial and system-level instability.” The UN Development Programme estimated that soaring food and energy prices sent 71 million people in developing countries into poverty last year. Corporate disclosures on this are also inconsistent.
Chris Hall
JUNE 1, 2022
In March 2020, a coalition of 32 organisations spanning 17 countries wrote to the world’s biggest asset manager BlackRock, calling for the firm to divest its 5% stake in Drax, citing carbon intensity of woody biomass. . Drax first launched a BECCS pilot project in 2018 and aims to have the technology fully operational by 2027. .
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