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.
BP walks back on renewable investment, to scale up fossil fuel production
BP has unveiled its new business strategy. The oil and gas company has promised to increase its fossil fuel investments by 20 ...
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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 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.
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BP drops climate targets in pivot back to oil and gas
Oil major BP says it has slashed planned investment in renewable energy and would increase annual oil and gas spending to ...
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.
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BP Signs Major Oilfield Redevelopment Deal for Kirkuk Oilfields
BP plc BP, the British oil and gas giant, has inked an agreement with Iraq for the redevelopment of four oilfields in Kirkuk. This is a significant development for Iraq, given that its oil and gas ...
BP cuts renewable investment and boosts oil and gas in strategy shift
BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...
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 ...
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Energy Giant Backpedals On Green Goals, Plans To Shell Out Billions On Oil And Gas
European energy company BP announced Wednesday that it is cutting back on green energy goals and is instead refocusing on ...
What's in the EU's plan to boost clean tech, lower energy bills?
The European Commission proposed on Wednesday to make 100 billion euros ($104.97 billion) available to support EU-made clean ...
BP to spend $10B annually on oil and gas, scaling back renewable energy plans
BP has decided to reduce its investment in renewable energy and increase its spending on oil and gas to $10 billion annually.