Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
Read more at CNBC
-
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 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 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 -
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 -
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
More from CNBC
-
Eli Lilly plans at least $27 billion in new U.S. manufacturing investments
It comes as companies work to build goodwill with Trump, who has emphasized reshoring manufacturing to the U.S. and reducing reliance on foreign supply chains.CNBC - 42m -
GM raises quarterly dividend, initiates $6 billion stock buyback
General Motors said Wednesday that it is raising its quarterly dividend and initiating a new $6 billion share repurchase program.CNBC - 36m -
Super Micro Computer surges 16% after filing delayed financials by deadline
Super Micro also filed results for the first two quarters of the fiscal 2025 year and said that it has "regained compliance" with Nasdaq requirements.CNBC - 21m -
TJ Maxx parent company posts strong holiday quarter, but issues weaker-than-expected guidance
The company behind T.J. Maxx, Marshall's and HomeGoods has seen growth start to slow down, but it's one of the few retailers that could benefit from tariffs.CNBC - 16m -
Ukraine and U.S. agree to draft deal on critical rare minerals
Ukraine and the United States have prepared a draft deal over access to Kyiv's deposits of rare earth minerals, officials said Wednesday.CNBC - 39m
More in Business
-
Investors love Buffett and then ignore what he says. How to avoid these mistakes made in 2024.
Larry Swedroe, author of several investing books, talks about the biggest mistakes investors make year after year, and how they can break the cycle.MarketWatch - 4m -
AI’s power demands spark new joint GE Vernova–NRG electricity plant project
NRG flags need for new partnerships to fuel power development.MarketWatch - 6m -
Advance Auto Parts’ stock skids as retailer predicts weak sales next quarter
Advance is also in the middle of a restructuring plan that will result in the closing of 500 stores.MarketWatch - 11m -
Fight the Good Fight: A Call to Resilience in Challenging Times
The fast and furious changes keep coming. Now is the time to build sustainable resilience for both you and your team. These tips can help get you started.Inc. - 12m -
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