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BP to drop renewable energy goals in favor of fossil fuels

CNBC on MSN · 19h

Oil major BP boosts annual fossil fuel spending to $10 billion 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.

The Associated Press - Busines… · 2h

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

BP said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion. BP will increase its oil and gas production investments by about 20 per cent to $10 billion.

Chron on MSN · 1d

Report: BP to drop renewable energy goals in favor of fossil fuels

The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.

11h

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.

2d

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 ...

2hon MSN

BP Takes A Step Back, Aims For Profit As Oil Company Abdicates Its Green Transition Plans

The company has abandoned its plan to transition to greener energy resources; instead, it has decided to invest more in ...

2d

BP Just Ditched Its Green Pledge--Why This Energy Giant Is Betting Big on Oil Again

BP is scrapping its massive renewable energy targets and doubling down on fossil fuels--here's what it means for investors.

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