The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.
Louisiana’s wetlands store massive amounts of carbon. They also contribute to emissions when lost.
Louisiana’s wetlands are one of the planet’s most vital carbon storage centers, but destroying these reservoirs can ...
BP slashes ‘net zero’ renewable energy spending by $5 billion, turns to fossil fuels: What’s behind the strategy shift?
Campaigners said the oil giant was committing a 'conscious act of climate vandalism' as it ditched targets to reduce fossil ...
Following a difficult trading year, BP is pivoting back to its more profitable oil and gas business. Read more at ...
Despite presiding over a major cut-down of Amazon deforestation, Brazil's left-wing president has raised environmentalists' ...
"It's a radical shift," Chief Executive Murray Auchincloss said in an interview. BP would focus on pumping more oil in the U.S., where the company is a big offshore producer, and in Middle Eastern ...
The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.
BP announces its big "reset" on Wednesday, and Wall Street expects a pivot away from renewables and a doubling down on oil ...
Cementing a positive relationship with US President Donald Trump will require the EU to reverse several policies that limit ...
The strategy includes an action plan for affordable energy, amid energy prices the European Commission says are higher than ...
bp will dramatically slash its investments in the energy transition and increase oil and gas investment and production ...
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