The energy giant said it would cut planned investments in clean energy and redirect spending toward fossil fuels.
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.
BP shares fell about 1% in London trading. Auchincloss is set to lay out further details of his plan to revive the energy ...
In a highly anticipated strategy update, BP Chief Executive Officer Murray Auchincloss scrapped a plan to pull back from oil and gas and pledged to grow production slightly instead. He also cut ...
This conversation is over.“The Climate Change Committee has said today UK emissions must be drastically slashed – the reality ...
BP slashed planned investment in renewable energy and said Wednesday that it would increase annual oil and gas spending to $10 billion, in a major strategy shift aimed at boosting earnings and ...
Global Witness' investigative campaigners have taken aim at BP's u-turn on its green promises with ad van billboards around ...
Chief executive Murray Auchincloss has succumbed to pressure from shareholders to reduce BP' exposure to the lower margin ...
British energy giant BP launched a major pivot back to its more profitable oil and gas business Wednesday, shelving its once ...
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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