British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production -
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 - 12h -
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 - 12h -
BP pivots back to oil and gas after ‘misplaced’ faith in green energy
Chief says group was too optimistic over shift to renewablesFinancial Times - 12h -
BP to ‘Fundamentally Reset’ Strategy in Shift Back to Oil and Gas
The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.The New York Times - 8h -
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 - 16h -
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 - 16h -
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 - 13h -
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
More from ABC News
-
What we know about the illnesses that have sickened over 400 people and killed more than 50 in Congo
Unidentified illnesses in northwestern Congo have killed more than 50 people over the past five weeks, nearly half of them within hours after they felt sickABC News - 6h -
A court in Bosnia sentences separatist Bosnian Serb President Milorad Dodik to 1 year in prison
A court in Bosnia has sentenced separatist Bosnian Serb President Milorad Dodik to one year in prison and banned him from politics for six years because of his unconstitutional actionsABC News - 12h -
The US lines up Latin American cooperation for migrant deportations
Venezuelan migrants handed over to Mexico like it’s a U.S. immigration detention facilityABC News - 22h -
Russian, US diplomats to meet in Istanbul to discuss operation of embassies
Russia’s Foreign Minister Sergey Lavrov says diplomats from Russia and the United States will meet in Istanbul on Thursday to discuss the operation of their respective embassiesABC News - 14h -
North Korea allows a group of international travelers for the 1st time in years
A small group of foreign tourists has visited North Korea in the past weekABC News - 15h
More in World
-
Australia 1-2 Colombia: Matildas end SheBelieves Cup with third defeat – live
Matildas lose third match in a row Raso strike in vain as Colombia score in each half Australia’s final match in the SheBelieves Cup is under way…. The two sides are making their way out into ...The Guardian - 24m -
Seven & i shares plunge after founding family abandons $58bn buyout
Group led by Ito family unable to secure financing for Japanese convenience store chainFinancial Times - 49m -
Trump Administration Ends Global Health Research Program
The Demographic and Health Surveys were the only sources of reliable information in many countries on metrics such as mortality, nutrition and education.The New York Times - 58m -
Israel receives bodies of four more Israeli hostages from Hamas
Yahoo News - 1h -
Satellite image captures three tropical cyclones spinning in the South Pacific at once
Tropical cyclones Rae, Seru and Alfred are churning as the region’s season reaches its peak . Three tropical cyclones are churning in the South Pacific , an occurrence that scientists say is ...The Guardian - 1h
