Sustainable energy accelerator InnoEnergy has received hundreds of millions in EU funding to support start-ups developing clean tech. It claims the companies in its portfolio will cut an estimated 2.3 gigatonnes of CO₂ equivalent by 2030 – a highly ambitious figure comparable to 6% of current global emissions. Yet climate experts have criticised its methodology, in the latest blow to the investor.
BP profits more than double as oil trading booms on soaring crude prices amid Iran war
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