Oil prices have plummeted after a meeting of Opec countries failed to come to an agreement on an output cap.
The Royal Bank of Scotland has cut worldwide investment loans to oil and gas companies in the past year, it has also doubled its lending to green energy initiatives- reaching £1bn a year.
The kingdom of Saudi Arabia is setting out plans to create a $2tn sovereign wealth fund. It will attempt to do this by selling off state-owned oil assets; the country is believed to be preparing for a world without fossil fuels.
Since the government cut green subsidies, the amount of household energy produced by solar power has fallen by 75% in the last two months, according to recent figures.
In what has become a record year for clean energy, total global investment in gas and coal-fired power stations dropped to less than half of the total investment in renewable energy sources for 2015.
One of the charitable funds of the Rockefeller family has announced that it will withdraw all of its investments from companies based in fossil fuels. The Rockefeller family made their billions through oil investment.
One the biggest gas and electricity companies in the UK, Npower, is poised to announce around 2,500 job cuts both overseas and in the UK. The news will come after troubling times for the utilities giant, which saw it become embroiled in customer billing problems and a huge loss of customers.