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.
Read more at BBC News
Topics
-
BP to slash renewables spending in pivot back to oil and gas
Shift follows pressure from activist hedge fund Elliott ManagementFinancial Times - 4h -
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 -
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 -
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 - 2h -
BP to almost double oil and gas production by 2030 in move away from green goals
Firm will be selective about investing in low-carbon options, slashing more than $5bn from previous green plan. Business live – latest updates BP is almost doubling its target for oil and gas ...The Guardian - 1h -
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’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 - 2h -
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 -
Israel seeks Gaza ceasefire extension while shunning talks to end war
First phase of deal with Hamas to halt fighting is meant to end this weekendFinancial Times - 9h
More from BBC News
-
Seven organisations to be investigated over Grenfell fire
All 58 recommendations of the Grenfell Tower public inquiry will be enacted, government says.BBC News - 43m -
Half of homes need heat pump by 2040, government told
The UK's greenhouse gas emissions should fall to 13% of 1990 levels by 2040, government advisors say.BBC News - 4h -
TV presenter and journalist Henry Kelly dies at 78
He presented shows including Game For A Laugh and Going For Gold, and fronted several radio programmes.BBC News - 40m -
Apple AI tool transcribed the word 'racist' as 'Trump'
Experts have questioned the company's explanation that it is due to the two words being similar.BBC News - 3h -
12 things we spotted in the Oscars class photo
Cynthia Erivo, Ariana Grande, Demi Moore and Timothée Chalamet were among the actors smiling for the camera.BBC News - 4h
More in Top stories
-
Flight from Boston aborts landing at D.C. airport to avoid plane
An American Airlines flight from Boston aborted its landing in Washington, D.C. Tuesday to avoid another plane.CBS News - 14m -
Christianity’s Decline in U.S. Appears to Have Halted, Major Study Shows
Young people contributed to the shift. “If you’re a young white male these days and you think of yourself as conservative, then being religious is a part of that.”The New York Times - 17m -
BP shareholders want it to make money, not climate policy
The oil and gas producer faces criticism for its shift away from green energy, but many support it.BBC News - 20m -
Ukrainian official suggests US mineral deal terms improved for Kyiv
The $500 billion demanded by Trump no longer features in the draft, a Ukrainian official told ABC NewsABC News - 20m -
WATCH: American tourists found dead in Belize hotel
An investigation is underway into the deaths of Kaoutar Naqqad, 23, Imane Mallah, 24, and Wafae El-Arar, 26, who were staying at the Royal Kahal Beach Resort.ABC News - 25m