HSBC says it’s time to end ‘negative bias’ toward fossil fuels
The new head of sustainability at HSBC Holdings Plc says the time has come for banks to stop penalizing clients that have a ...
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Former government advisor on net zero targets and BP’s boost in fossil fuel investment
We spoke to Camilla Born, who advised the government on the COP26 summit and is now the boss of Electrify Britain.
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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 ...
BP slashes renewables investment and boosts fossil fuel production
This latest scaleback comes as BP faces pressure from activist investor Elliott Management, which reportedly took a 5% share ...
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.
BP abandons green energy pivot amid investor pressure, returns focus to oil and gas
BP has reversed its green energy strategy, increasing oil and gas investments while cutting renewables spending, following ...
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 to Focus More on Oil and Gas in Strategy ‘Reset’
The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.
BP doubles down on oil and gas, cuts renewable investments in strategy reset
BP announces its big "reset" on Wednesday, and Wall Street expects a pivot away from renewables and a doubling down on oil ...
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BP returning to oil and gas in reversal of green plan
BP is expected to confirm a significant shift in strategy that will see its cut its renewable energy investments and instead ...
BP slashes ‘net zero’ renewable energy spending by $5 billion, turns to fossil fuels: What’s behind the strategy shift?
BP said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion. BP will ...
Oil and gas giant BP slashes renewables investment and boosts fossil fuel production
Sky News's Paul Kelso explains why BP is instead investing more funding in greater fossil fuel production.