BP slashes ‘net zero’ renewable energy spending by $5 billion, turns to fossil fuels: What’s behind the strategy shift?

Following a difficult trading year, BP is pivoting back to its more profitable oil and gas business. Read more at ...

Despite presiding over a major cut-down of Amazon deforestation, Brazil's left-wing president has raised environmentalists' ...

"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 ...

The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.

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 ...

BP announces its big "reset" on Wednesday, and Wall Street expects a pivot away from renewables and a doubling down on oil ...

Cementing a positive relationship with US President Donald Trump will require the EU to reverse several policies that limit ...

The strategy includes an action plan for affordable energy, amid energy prices the European Commission says are higher than ...

bp will dramatically slash its investments in the energy transition and increase oil and gas investment and production ...

The energy giant said it would cut planned investments in clean energy and redirect spending toward fossil fuels.

The president vowed on the campaign trail to cut energy costs in half. They’re now approaching levels not seen since the ...