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Oil major BP to slash renewable spending

Reuters on MSN · 1h

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 billion, in a major strategy shift aimed at boosting earnings and investor confidence.

Hosted on MSN · 7h

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.

Fox Business · 1h

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.

BP, renewable energy

GlobalData on MSN · 1d

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.

Fast Company · 1d

BP to drop renewables goals and shift focus back to fossil fuels

BP CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity 20-fold between 2019 and 2030 to 50 gigawatts.

Africanews English on MSN · 1d

BP expected to scrap renewables targets as part of performance reset

Renewable output is set to become less of a priority, while the pledge to reduce oil and gas output may be officially abandoned. View on euronews

6hon MSN

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 ...

1d

BP to Prepare Lubricants Sale, Ditch Plan to Cut Oil Output in Strategy Review

BP Plc is set to announce a potential sale of its lubricants business and abandon plans to cut oil and gas output as it ...

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