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.
The announcement comes on the heels of the United States moving away from renewables under the administration of Donald Trump ...
BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil ...
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BP to cut renewable energy targets and focus on fossil fuelsBP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a ...
BP is set to increase its annual investments in oil and gas to $10 billion, signaling a shift back to fossil fuels under CEO ...
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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