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 ...
Channel NewsAsia Singapore3h
BP ditches climate targets in pivot back to oil and gas
LONDON: British energy giant BP launched a major pivot back to its more profitable oil and gas business on Wednesday (Feb 26) ...
BP to slash green spending, pivot back to oil
LONDON : BP said it would boost oil-and-gas production and sharply cut investments in clean energy, pivoting back to fossil ...
BP to Focus More on Oil and Gas in Strategy ‘Reset’
The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.
Weekly Blitz10h
BP shifts focus back to fossil fuels amid investor pressure
British energy giant BP is reportedly set to abandon its renewable energy targets and return to its fossil fuel roots in a ...
BP cuts renewable investment and boosts oil and gas in strategy shift
BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...
Why Paul Singer, the octogenarian founder of $72 billion Elliott Management, does not have fun at work
In a rare interview, the Elliott Management founder Paul Singer talked about the hedge fund's activism, market risks, and ...
Upstream11h
'Too far, too fast': BP reveals strategy reset
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BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift
BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.
How energy giant BP went from eco poster child to possible takeover target
In an industry where timing is everything, BP made the right bet at the wrong time,” says one professor who has studied its ...
BP takes the axe to investment in green energy in "shocking" strategy U-turn
BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its ...
worldenergynews.com13h
BP changes course by increasing fossil fuel investments while cutting back on renewable energy
BP announced on Wednesday that it would increase its annual oil and natural gas investment by $10 billion. This will return ...