BP to slash spending on net zero ventures as it focuses on oil and gas again
LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its flagging share price but has been met with incredulity from climate action campaigners.
BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuels, as ...
The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.
In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its ...
BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil ...
GlobalData on MSN1d
BP to cut renewable energy targets and focus on fossil fuelsBP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a ...
BP will scrap its target to increase renewable generation 20-fold by 2030 and return its focus to fossil fuels, as part of a ...
BP is scrapping its massive renewable energy targets and doubling down on fossil fuels--here's what it means for investors.
Results that may be inaccessible to you are currently showing.
Hide inaccessible results
Feedback