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 signs $25bn deal to redevelop Iraq’s oil and gasfields as it slashes investments in renewable energy - BP previously ...
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.
The energy giant said it would cut planned investments in clean energy and redirect spending toward fossil fuels.
BP shares fell about 1% in London trading. Auchincloss is set to lay out further details of his plan to revive the energy ...
Global Witness' investigative campaigners have taken aim at BP's u-turn on its green promises with ad van billboards around ...
BP said it would increase its oil and gas investments to about $10 billion a year as it pivots away from its low-carbon ...
BP has returned to its oil and gas roots, pledging to slash spending on renewable energy as it tries to catch up with rivals, ...
BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...
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