BP to slash green spending, pivot back to oil
LONDON : BP said it would boost oil-and-gas production and sharply cut investments in clean energy, pivoting back to fossil ...
HSBC says it’s time to end ‘negative bias’ toward fossil fuels
The new head of sustainability at HSBC Holdings Plc says the time has come for banks to stop penalizing clients that have a ...
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Former government advisor on net zero targets and BP’s boost in fossil fuel investment
We spoke to Camilla Born, who advised the government on the COP26 summit and is now the boss of Electrify Britain.
BP DITCHES green targets and makes screeching U-turn back to oil & gas after ‘misplaced’ Net Zero shift
ENERGY giant BP has axed its green targets and shifted back to oil and gas — admitting that its move to Net Zero was “misplaced”. The firm has scaled back investment in renewable projects by 70 ...
BP shifts more to oil and gas production in a move to focus less on renewables
BP, the British Oil major, said it is refocusing the company on its core oil and gas business and reducing investments in clean energy.
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BP to cut renewable energy targets and focus on fossil fuels
BP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a ...
BP slashes renewables investment and boosts fossil fuel production
This latest scaleback comes as BP faces pressure from activist investor Elliott Management, which reportedly took a 5% share ...
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BP pulls plug on green transition announcing major oil and gas investment
The company has announced it will increase its oil and gas production to around $10bn a year while cutting its investment in ...
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 ...
BP announces 'reset' with slashed renewables investments and $20 billion in divestments
In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.
BP makes a strategy shift, cuts renewable investment, boosts oil and gas spending
World: The strategy overhaul comes after a difficult trading year for BP, which is under pressure from investors to boost its ...
BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift
BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.