bp fossil fuels - Search News

BP, Oil and Gas

CNBC on MSN · 4h

Oil major BP boosts annual fossil fuel spending to $10 billion 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.

BP boosts fossil fuel spending to $10 billion, sets $20 billion divestment target

BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuels, as part of CEO Murray Auchincloss' efforts to boost returns and improve financial performance.

The New York Times · 3h

BP to ‘Fundamentally Reset’ Strategy in Shift Back to Oil and Gas

The energy giant said it would cut planned investments in clean energy and redirect spending toward fossil fuels.

BP's Strategic Shift: A Return to Roots in Fossil Fuels

BP will increase annual oil and gas investments to $10 billion under CEO Murray Auchincloss, focusing on fossil fuels to ...

2hon MSN

BP to Slash Green Spending, Pivot Back to Oil

The struggling British energy company has seen its rivals streak ahead after it bet big on clean energy.

1d

BP Just Ditched Its Green Pledge--Why This Energy Giant Is Betting Big on Oil Again

BP is scrapping its massive renewable energy targets and doubling down on fossil fuels--here's what it means for investors.

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