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.
Read more at The New York Times
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BP ramps up oil and gas investment to $10bn a year in ‘fundamental reset’ – business live
Oil and gas giant abandons green ambitions, as boss says it will be ‘very selective’ about investing in fossil fuel alternatives. BP will abandon its green ambitions, including plans to cut its ...The Guardian - 4h -
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.CNBC - 23m -
BP pivots back to oil and gas after ‘misplaced’ faith in green energy
Chief executive says group was too optimistic over shift to renewablesFinancial Times - 15m -
BP to ramp up oil and gas output in major shift away from green goals
Fossil fuel firm will cut more than $5bn from low-carbon investment plan in ‘fundamental reset’. Business live – latest updates BP is dropping green goals, ramping up oil and gas production ...The Guardian - 1h -
BP shuns renewables in return to oil and gas
The energy giant has announced its strategy after rivals also rowed back on green energy plans.BBC News - 12m -
BP’s going back to petroleum as it plans more oil spending and production
Embattled oil major BP on Wednesday unveiled what it billed as a strategic reset, planning to increase oil and gas investment while reducing outlays for greener fuels.MarketWatch - 4h -
BP expected to scrap renewables target in shift back to fossil fuels
Goal of increasing renewable energy generation 20-fold to be ditched, shareholders to be told this week. BP is expected to ditch a target to ramp up renewable energy generation by 2030 as part of a ...The Guardian - 2d -
BP to abandon pledge to cut oil and gas output as chief fights for group’s survival
Auchincloss must convince activist investor Elliott Management he can turn around troubled oil majorFinancial Times - 1d -
EU spends more on Russian oil and gas than financial aid to Ukraine – report
Europe estimated to have bought €22bn of fossil fuels from Russia in 2024 but gave €19bn to support Kyiv. The EU is spending more money on Russian fossil fuels than on financial aid to Ukraine, a ...The Guardian - 2d -
Top shale boss says US oil companies will not flock back to Russia
Harold Hamm warns executives will be wary of any peace deal between Trump and PutinFinancial Times - 4d
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BP pivots back to oil and gas after ‘misplaced’ faith in green energy
Chief executive says group was too optimistic over shift to renewablesFinancial Times - 15m