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'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 will scrap its target to increase renewable generation 20-fold by 2030 and return its focus to fossil fuels, as part of a ...
The struggling British energy company has seen its rivals streak ahead after it bet big on clean energy.
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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