Vast majority of world’s electricity companies remain heavily invested in fossil fuels

Only one in 10 of the world’s electric utility companies are prioritising investment in clean renewable energy over growing their capacity of fossil fuel power plants, according to research from the University of Oxford.

The study of more than 3,000 utilities found most remain heavily invested in fossil fuels despite international efforts to reduce greenhouse gas emissions, and some are actively expanding their portfolio of polluting power plants.

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