TotalEnergies, bp, Equinor and Shell have announced a commitment to invest in support of the UN Sustainable Development Goal 7 (UN SDG7), which aims to ensure access to affordable, reliable, sustainable and modern energy for all.
The four energy majors have come together with a $500 million joint investment commitment, intended to create positive future energy access for people in key regions.
Despite ongoing efforts, progress toward universal energy access has stalled, particularly amid recent macroeconomic shocks and rising energy prices. In 2022, the number of people without access to electricity globally increased by around 10 million to 685 million. Additionally, approximately 2.1 billion people, primarily in Sub-Saharan Africa and Southeast Asia, lack access to clean cooking facilities, disproportionately impacting women and girls.
Equinor, bp, Shell and TotalEnergies decided to join forces to help address the challenges of energy access by supporting prom
