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Oil major BP to slash renewable spending

The New York Times · 26m

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.

Hosted on MSN · 5h

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 doubles down on oil and gas, cuts renewable investments in strategy reset

BP announces its big "reset" on Wednesday, and Wall Street expects a pivot away from renewables and a doubling down on oil and gas.

7h

BP boosts fossil fuel spending to $10 billion, sets $20 billion divestment target

BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuels, as ...

GlobalData on MSN1d

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 ...

4hon MSN

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.

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 ...

1d

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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