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BP expected to roll back green energy pledges to boost profit
The strategy update will take place at BP’s head office in London, with Mr Auchincloss expected to start speaking at 1pm. James Alexander, chief executive of the UK Sustainable Investment and ...
E&E16d
BP embraces oil and gas, snubs renewables in corporate reset
The British petroleum giant laid out plans Wednesday to boost spending on fossil fuels as it dials back renewable energy plans. BP officials announced a “fundamental reset” Wednesday for the ...
BP Boosts Oil and Gas Spending as Energy Giant Pivots From Low-Carbon Focus
BP said it would increase its oil and gas investments to about $10 billion a year as it pivots away from its low-carbon strategy.
Reuters29d
BP’s overhaul can start with a new Chair
LONDON, Feb 14 (Reuters Breakingviews) - BP (BP.L), opens new tab has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and a ...
Yahoo Finance17d
BP to slash spending on net zero ventures as it focuses on oil and gas again
LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its ...