BP to drop renewable energy goals in favor of fossil fuels

BP boosts fossil fuel spending to $10 billion, sets $20 billion divestment target
BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuels, as part of CEO Murray Auchincloss' efforts to boost returns and improve financial performance.
BP poised to abandon renewable goals and return focus to fossil fuels - Reuters
BP (NYSE:BP) will scrap its target to increase renewable generation 20-fold by 2030 and return its focus to fossil fuels, as part of a strategy shift to be announced this week at its capital markets day investor update to tackle investor concerns over earnings,
Report: BP to drop renewable energy goals in favor of fossil fuels
BP CEO Murray Auchincloss is announcing plans to ditch the company's goal of growing renewable generation capacity 20-fold by 2030 and instead return focus to fossil fuels, Reuters reports. The goal measured growth from 2019 figures.
Exclusive: BP to ditch renewables goals and return focus to fossil fuels
BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings,
BP to cut renewable energy targets and focus on fossil fuels
BP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a 20-fold increase.

Iraq, BP agree to develop 4 Kirkuk fields

BP boosts fossil fuel spending to $10 billion, sets $20 billion divestment target
BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuels, as ...
Exclusive: BP to ditch renewables goals and return focus to fossil fuels
BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil ...
BP cuts renewable investment and boosts oil and gas in strategy shift
BP slashed planned investment in renewable energy and said on Wednesday it would increase annual oil and gas spending to $10 ...
BP to spend $10B annually on oil and gas, scaling back renewable energy plans
BP has decided to reduce its investment in renewable energy and increase its spending on oil and gas to $10 billion annually, ...
Iraq, BP agree to develop four Kirkuk fields
Iraq and oil major BP have signed a deal to redevelop four Kirkuk oil and gas fields, BP said on Tuesday, a breakthrough for ...
BP poised to abandon renewable goals and return focus to fossil fuels - Reuters
BP (NYSE:BP) will scrap its target to increase renewable generation 20-fold by 2030 and return its focus to fossil fuels, as ...
BP weighs sale of $10 billion Castrol lubricants unit, Bloomberg News reports
Oil major BP is considering a potential sale of its lubricants business, Castrol, which could be worth about $10 billion in a ...
E.ON decisions on post-2029 investment could come early next year, CFO says
Spending plans for the period after 2029 by Germany's power grid operator E.ON could come early in 2026, depending on the ...
BP’s overhaul can start with a new Chair
BP has a laundry list of problems. The $93 billion UK oil major has a confused strategy, an overleveraged balance sheet, and ...
EU proposes cutting back sustainability laws for companies
The European Commission on Wednesday proposed sweeping changes to EU green rules, scrapping sustainability reporting ...
Lightsource bp secured 10 power purchase deals totalling 1.3 GW last year
Renewable energy developer Lightsource bp, a unit of British oil company BP , secured 10 power purchase agreements (PPAs) ...