BP ( NYSE: BP) just confirmed what many already suspected: Big Oil's renewable energy pivot was an expensive mistake. The British oil giant took a $5.4 billion write-down on its green energy portfolio in 2025, including $3.5 billion on solar developer Lightsource bp and renewable natural gas producer Archaea. The company suspended share buybacks entirely to shore up its balance sheet while CEO Carol Howle emphasized a return to BP's "distinctive opportunity set in upstream business."
They are creating their own financial ecosystem, and there is enough actual momentum in current AI efforts that I don't see the hyperscalers pulling back in 2026, Tom Chi, founding partner at At One Ventures, told TechCrunch.
Welcome to Cold Call, where we dive deep into Harvard Business School's groundbreaking case studies. It's been 10 years since 195 nations signed the Paris Agreement, the landmark international treaty that formalized the concept of net zero emissions. Today, thousands of companies around the world have set ambitious goals to achieve net zero emissions, including Tata Power, India's oldest and largest private power producer.
Plumbers, electricians and welders are among 31 priority occupations that are "particularly in demand", with employment in renewable, wind, solar and nuclear expected to double to 860,000 in five years, ministers have said. Speaking on the BBC's Sunday with Laura Kuenssberg programme, Energy Secretary Ed Miliband said thousands of jobs were needed to develop Britain's clean energy sector to "get bills down for good".
