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.
BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil ...
The struggling British energy company has seen its rivals streak ahead after it bet big on clean energy.
BP is set to increase its annual investments in oil and gas to $10 billion, signaling a shift back to fossil fuels under CEO ...
The energy giant is betting big on fossil fuels again, slashing green investments and setting the stage for a major shake-up.
British oil giant BP reportedly will announce plans to abandon its renewable generation goals this week in an effort to boost ...
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