It’s been almost 25 years since BP Plc. attempted to rebrand itself as “Beyond Petroleum” and adopt a more environmentally ...
BP said it would increase its investments in oil and gas by about 20% to $10bn (£7.9bn) a year, while decreasing previously ...
BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its commitment to green energy. Under pressure chief executive Murray ...
BP is the latest energy company to switch focus from green energy back to fossil fuels. BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas ...
Elliott Management's move for a similar-sized stake in BP is associated with that company's retreat from renewables, raising ...
Australian mining tycoon Andrew Forrest, founder and executive chairman of Fortescue, says Big Oil is getting it wrong on ...
The boss of BP has said the oil giant went ‘too far too fast’ in its previous drive towards green energy as the company unveiled plans to plough billions of pounds more into fossil fuels.
bp has changed its approach to sustainability after a “fundamental” strategy reset, eliminating its net zero production goal ...
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Grist on MSNOil companies are dropping renewable goals — and more importantly, expanding fossil fuelsWhile oil companies drop their pledges to look into sustainable energy, it's important to remember they were never big in ...
LONDON—BP BP0.34%increase; green up pointing triangle said it would boost oil-and-gas production and sharply cut investments in clean energy, pivoting back to fossil fuels in a bid to revive its ...
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This is a reset BP, with an unwavering focus on growing long-term shareholder value." Shell and Norwegian company Equinor have already scaled back their plans to invest in green energy.
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