BP, fossil fuel

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.
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 part of CEO Murray Auchincloss' efforts to boost returns and improve financial performance.
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 production. In a further row back of climate targets the company has said renewable energy investment will fall by $5bn (£3.95bn) a year to just $1bn to $2bn (£790m to £1.58bn).
BP cuts renewable energy investments, boosts fossil fuel production
BP (BP) has announced a significant reduction in its renewable energy investment, slashing it by about $5 billion annually to between $1 billion and $2 billion, while simultaneously increasing funding for fossil fuel production to $10 billion per year.
BP boosts fossil fuel spending to $10bln, sets $20bln divestment target
BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuel
Report: BP to drop renewable energy goals in favor of fossil fuels
BP CEO Murray Auchincloss is announcing plans to ditch the company's goal of growing renewable generation capacity 20-fold by 2030 and instead return focus to fossil fuels, Reuters reports. The goal measured growth from 2019 figures.
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 20-fold increase.
Grist on MSN2d
The fossil fuel industry is trying to keep buildings hooked on gas. Here’s how.
Drawing from an InfluenceMap database that tracks corporate engagement on climate policies, researchers found that fossil ...
EU says energy plan could cut 45 billion euros off fossil fuel import bill
Plans due to be published by the European Commission on Wednesday could shave 45 billion euros ($47.3 billion) off the EU's ...
Fossil-Fuel Companies Are Lobbying Trump to Save a Green-Fuel Program
Oil-and-gas companies are pushing the new administration to keep hydrogen tax credits, despite the president’s ambition to ...
Insurancenewsnet.com4h
Should fossil fuel companies be forced to pay for Los Angeles wildfire losses? | Dan Walters
As wildfires swept through Los Angeles County last month, the New York Times published a commentary by former insurance commissioner Dave Jones, who suggested that oil companies should pay for the ...
After a month of Trump's pro-oil and gas moves, Dems target his energy emergency
President Donald Trump pledged a U-turn away from the Biden administration's commitment to fighting climate change and ...
A Mining Billionaire’s Case for Ditching Fossil Fuels
Andrew Forrest is on a crusade to convince investors, employees, and other CEOs that going green is worth the risks ...
HSBC says it’s time to end ‘negative bias’ toward fossil fuels
The new head of sustainability at HSBC Holdings Plc says the time has come for banks to stop penalizing clients that have a ...
CBC.ca4d
New report decries fossil fuel industry influence in climate education
Inside Education is one of the groups highlighted in the report for accepting money from fossil fuel companies, though it says they don't influence content. Keary said similar examples exist in ...