BP’s going back to petroleum as it plans more oil spending and production

• 

  BP pivots back to oil and gas after ‘misplaced’ faith in green energy

  Chief executive says group was too optimistic over shift to renewables
  
  Financial Times - 12m

• 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 - 19m
• 

  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
• 

  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 - 11m
• 

  Lucid CEO steps down; EV maker plans to more than double production in 2025

  Electric vehicle maker Lucid Group on Tuesday said CEO Peter Rawlinson is stepping down as the company expects to more than double vehicle production this year to 20,000 units.
  
  NBC News - 17h

• Lucid CEO steps down; EV maker plans to more than double production in 2025

  Lucid said Marc Winterhoff, currently the company's chief operating officer, has taken over as interim CEO.
  
  CNBC - 2h
• 

  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 major
  
  Financial Times - 1d
• 

  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
• 

  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

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  BP pivots back to oil and gas after ‘misplaced’ faith in green energy

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  Financial Times - 12m

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