Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
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BP to slash renewables spending in pivot back to oil and gas
Shift follows pressure from activist hedge fund Elliott ManagementFinancial Times - 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 - 1d -
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 - 2h -
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 - 3h -
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 - 3h -
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 - 24m -
Fossil fuel firm’s $300m trial against Greenpeace to begin: ‘Weaponizing the judicial system’
Experts warn victory for Energy Transfer, whose CEO is a Trump donor, could have a ‘chilling’ effect on free speech. A fossil fuel company’s $300m lawsuit against Greenpeace opens in rural North ...The Guardian - 6d -
Meta slashes staff stock awards as group embarks on AI spending drive
Most employees will receive about 10% less equity options this yearFinancial Times - 5d -
California cracks down on social media-fueled skincare obsession
A new California bill aims to ban the sale of over-the-counter skincare products with active ingredients like retinol and glycolic acid to minors, following a surge in young shoppers influenced by ...CBS News - 1d
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