BP slashes ‘net zero’ renewable energy spending by $5 billion, turns to fossil fuels: What’s behind the strategy shift?
BP slashes ‘net zero’ renewable energy spending by $5 billion, turns to fossil fuels: What’s behind the strategy shift?
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All the green measures BP is abandoning in drive for profits
BP has confirmed it will abandon its green renewable power ambitions by increasing its oil and gas investment to $10bn a year ...
BP ditches climate targets in pivot back to oil and gas
Following a difficult trading year, BP is pivoting back to its more profitable oil and gas business. Read more at ...
worldenergynews.com38m
BP changes course by increasing fossil fuel investments while cutting back on renewable energy
BP announced on Wednesday that it would increase its annual oil and natural gas investment by $10 billion. This will return ...
BP to Slash Green Spending, Pivot Back to Oil — Commodities Roundup
"It's a radical shift," Chief Executive Murray Auchincloss said in an interview. BP would focus on pumping more oil in the U.S., where the company is a big offshore producer, and in Middle Eastern ...
BP cuts renewable energy investments, boosts fossil fuel production
BP (BP) has announced a significant reduction in its renewable energy investment, slashing it by about $5 billion annually to between $1 billion and $2 billion, while simultaneously increasing funding ...