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After Shell, Equinor, TotalEnergies and ArcelorMittal, BP Also Says Goodbye to the Climate Economy

Summary by Tichys Einblick
The green subsidy economy is under pressure. Companies around the world are retreating from eco-projects and are once again concentrating on their traditional business fields. In Germany, ArcelorMittal put its billion-dollar project to switch two plants to green steel despite tower-high funding commitments on ice. Shell cut off a large biofuel project in Rotterdam from its agenda, and Equinor corrected its target brands for renewable energy and …
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The green subsidy economy is under pressure. Companies around the world are retreating from eco-projects and are once again concentrating on their traditional business fields. In Germany, ArcelorMittal put its billion-dollar project to switch two plants to green steel despite tower-high funding commitments on ice. Shell cut off a large biofuel project in Rotterdam from its agenda, and Equinor corrected its target brands for renewable energy and …

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Tichys Einblick broke the news on Monday, May 11, 2026.
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