BP, Fossil Fuel

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.
Oil & Gas: bp to Cut Clean Energy and Boost Fossil Fuels
bp will dramatically slash its investments in the energy transition and increase oil and gas investment and production following poor 2024 results
BP shuns renewables in return to oil and gas
BP said it would increase its investments in oil and gas by about 20% to $10bn (£7.9bn) a year, while decreasing previously planned funding for renewables by more than $5bn (£3.9bn). The move comes as rivals Shell and Norwegian company Equinor have also scaled back plans to invest in green energy and US President Donald Trump's "drill baby drill" comments have encouraged investment in fossil fuels.
BP to slash renewables spending in pivot back to oil and gas
BP will spend $10bn a year on producing more oil and gas, slash its spending on renewable energy and sell $20bn of assets as it tries to revive its share price under pressure from activist investor Elliott Management.
BP cuts renewable energy investments, boosts fossil fuel production
BP (BP) has announced a significant reduction in its renewable energy investment, slashing it by about $5 billion annually to between $1 billion and $2 billion, while simultaneously increasing funding for fossil fuel production to $10 billion per year.
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Exclusive: BP to ditch renewables goals and return focus to fossil fuels
BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil ...
Report: BP to drop renewable energy goals in favor of fossil fuels
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Global Witness8d
Fossil Fuels
Fossil fuel companies have our future in a chokehold. They’ve captured our politicians’ ears, infiltrated climate summits and ...
BP to ditch renewables goals and return focus to fossil fuels
STORY: Sources say BP's chief executive is to scrap a target to increase renewable generation 20-fold by 2030.And will ...