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 ...
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Former government advisor on net zero targets and BP’s boost in fossil fuel investment
We spoke to Camilla Born, who advised the government on the COP26 summit and is now the boss of Electrify Britain.
BP walks back on renewable investment, to scale up fossil fuel production
BP has unveiled its new business strategy. The oil and gas company has promised to increase its fossil fuel investments by 20 ...
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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 ...
BP slashes renewables investment and boosts fossil fuel production
This latest scaleback comes as BP faces pressure from activist investor Elliott Management, which reportedly took a 5% share ...
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 ...
BP announces 'reset' with slashed renewables investments and $20 billion in divestments
In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.
BP makes a strategy shift, cuts renewable investment, boosts oil and gas spending
World: The strategy overhaul comes after a difficult trading year for BP, which is under pressure from investors to boost its ...
BP abandons green energy pivot amid investor pressure, returns focus to oil and gas
BP has reversed its green energy strategy, increasing oil and gas investments while cutting renewables spending, following ...
BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift
BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.
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.
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 ...