BP, Kirkuk and Auchincloss
The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.
The move comes in response to pressure from investors, notably from activist hedge fund Elliot management. View on euronews ...
British energy company BP has confirmed it is to slash spending on green ventures and up its oil and gas production.
In addition to divesting $20 billion of assets, BP plans to slash investments in renewables and boost growth elsewhere.
BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...
BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.
BP will increase annual oil and gas investments to $10 billion under CEO Murray Auchincloss, focusing on fossil fuels to ...
Petroleum giant BP said on Wednesday that it plans to boost its annual oil and gas spending to $10 billion through 2027 as ...
European energy company BP announced Wednesday that it is cutting back on green energy goals and is instead refocusing on ...
Activist investor Elliott was last night poring over BP’s new strategy after the energy giant admitted its rush to Net Zero ...
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