The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.
The move comes in response to pressure from investors, notably from activist hedge fund Elliot management. View on euronews ...
In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.
Oil major BP says it has slashed planned investment in renewable energy and would increase annual oil and gas spending to ...
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 slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...
BP will increase annual oil and gas investments to $10 billion under CEO Murray Auchincloss, focusing on fossil fuels to ...
BP will redevelop 3 billion barrels of oil equivalent across five fields in Iraq, all of which are currently operated by ...
BP is set to increase its annual investments in oil and gas to $10 billion, signaling a shift back to fossil fuels under CEO ...
European energy company BP announced Wednesday that it is cutting back on green energy goals and is instead refocusing on ...