BP to Slash Spending on Net Zero Ventures

Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.
BP to Focus More on Oil and Gas in Strategy ‘Reset’
The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.
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.
Oil giant BP cutting green investment
On Wednesday the company said it now plans to increase investment in oil and gas exploitation by 20 percent, to around $10 billion a year, while cutting investment in renewable energy by more than $5 billion a year, to around $1.5 billion.
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.
BP to Slash Green Spending, Pivot Back to Oil
The struggling British energy company has seen its rivals streak ahead after it bet big on clean energy.
BP axes £4bn of net zero spending in renewed oil and gas push
BP said it still hopes to become a net-zero firm but will only spend up to £1.6bn a year on projects aimed at the energy transition, representing a significant cut.
Exclusive: BP to ditch renewables goals and return focus to fossil fuels
BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil ...
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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 poised to abandon renewable goals and return focus to fossil fuels - Reuters
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 slashes renewables investment and boosts fossil fuel production
Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel ...
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BP's Strategic Shift: A Return to Roots in Fossil Fuels
BP will increase annual oil and gas investments to $10 billion under CEO Murray Auchincloss, focusing on fossil fuels to ...
BP to ditch renewables goals and return focus to fossil fuels
STORY: Sources say BP's chief executive is to scrap a target to increase renewable generation 20-fold by 2030.And will ...