Global oil giants made ambitious pledges some years ago to transition toward cleaner energy, responding to mounting pressure from investors, governments, and environmental groups.
However, data now shows a stark reversal as the oil firms are scaling back renewable investments and reinvesting heavily in fossil fuels. This shift is driven by surging oil prices, shareholder priorities, and energy security concerns.
Companies such as British Petroleum, Shell, and ExxonMobil, which had previously committed to reducing carbon emissions and inve
