BP to drop renewable energy goals in favor of fossil fuels

Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.
Exclusive: BP to ditch renewables goals and return focus to fossil fuels
BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings,
BP slashes ‘net zero’ renewable energy spending by $5 billion, turns to fossil fuels: What’s behind the strategy shift?
BP said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion. BP will increase its oil and gas production investments by about 20 per cent to $10 billion.
The Future of Africa's Energy Sector: Balancing Fossil Fuels and Renewables (By NJ Ayuk)
Geothermal power in Africa is currently dominated by Kenya, which to date is the seventh largest producer of geothermal power. Kenya’s estimated geothermal power potential is roughly 10 GW, but current operation capacity only allows 1 GW to be harnessed.
BP to ditch renewables goals and return focus to fossil fuels
STORY: Sources say BP's chief executive is to scrap a target to increase renewable generation 20-fold by 2030.And will instead return its focus to fossil fuels.BP's shares have underperformed rivals in recent years.
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.
Oil major BP boosts annual fossil fuel spending to $10 billion in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.
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 20-fold increase.
A Mining Billionaire’s Case for Ditching Fossil Fuels
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AI giants learn to share Trump’s zeal for fossil fuels
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Exclusive: Russia Making Billions From Fossil Fuels Despite Sanctions
Russia's fossil fuel exports generated more than $250 billion in revenue in the third year of its war in Ukraine.
Scientists look to the Miocene for clues of what we might expect from global heating caused by fossil fuels
Projections of our future under climate change paint a picture of extreme weather and acidified oceans, a world many of today ...
The Knoxville News-Sentinel on MSN9d
Three TVA nuclear reactors are shut down at once, pushing utility to ramp up fossil fuels
Tennessee's electricity supplier is spending millions to buy more power from other companies while three nuclear reactors are ...
Miliband blames fossil fuels for ‘worrying’ rise in energy bills
Ed Miliband blamed a surge in gas prices for Britain’s rising energy bills as he urged households and companies to back net ...
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The fossil fuel industry is trying to keep buildings hooked on gas. Here’s how.
Drawing from an InfluenceMap database that tracks corporate engagement on climate policies, researchers found that fossil ...