Tag: European energy
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Aker ASA’s Mainstream Renewable Deal Backfires as €1.2bn Losses Hit Norwegian Giant
Overview: Aker ASA’s Ambitious Move into Mainstream Renewable Power Norway’s industrial heavyweight Aker ASA has long been known for turning engineering heritage into strategic industrial plays. The January 2021 acquisition of Eddie O’Connor’s Mainstream Renewable Power marked a bold foray into the global green power sector, aiming to accelerate Aker’s transformation into a major force…
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TotalEnergies Hit by Major Lawsuit Over Alleged Greenwashing: Court Says Claims Were Not Credible
Paris Court Rules TotalEnergies Misled Consumers About Eco-Friendly Claims A Paris court has ruled against TotalEnergies in a high-profile case accusing the oil giant of greenwashing — misleading consumers about the company’s environmental and sustainability practices. The decision, issued on Oct. 23, has forced the energy giant to rethink its public messaging and could have…