bp energy - Search News

BP to cut renewable energy targets

Hosted on MSN · 12h

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 strategy.

Washington Examiner on MSN · 2d

BP to ditch renewable energy targets in effort to boost earnings

British oil giant BP reportedly will announce plans to abandon its renewable generation goals this week in an effort to boost earnings. BP CEO Murray Auchincloss will tell investors at the company’s capital market day on Wednesday that it will ditch its target to grow renewable generation capacity 20-fold by 2030 and instead refocus on

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.

BP, oil and gas

The Financial Times · 15h

BP pivots back to oil and gas after ‘misplaced’ faith in green energy

BP has abandoned a radical attempt to reinvent itself as a green energy company, bowing to pressure from investors after its aggressive shift away from fossil fuels over the past five years backfired.

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.

The Associated Press - Busines… · 4h

BP to slash spending on net zero ventures as it focuses on oil and gas again

LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its flagging share price but has been met with incredulity from climate action campaigners.

11h

BP announces 'reset' with slashed renewables investments and $20 billion in divestments

In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.

18hon MSN

BP takes the axe to investment in green energy in "shocking" strategy U-turn

BP takes the axe to investment in green energy in "shocking" strategy U-turn - Rethink comes five years after BP set ...

Some results have been hidden because they may be inaccessible to you

Show inaccessible results