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BP walks back on renewable investment

Hosted on MSN · 1h

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 billion, in a major strategy shift aimed at boosting earnings and investor confidence.

BP shuns renewables in return to oil and gas

BP said it would increase its investments in oil and gas by about 20% to $10bn (£7.9bn) a year, while decreasing previously planned funding for renewables by more than $5bn (£3.9bn).

Fox Business · 1d

BP to boost oil and gas spending by $10B, slash renewable investment in major strategy shift

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.

23hon MSN

After a month of Trump's pro-oil and gas moves, Dems target his energy emergency

President Donald Trump began dismantling his predecessor’s climate change and renewable energy policies on his first day in ...

1d

EU says energy plan could cut 45 billion euros off fossil fuel import bill

Plans due to be published by the European Commission on Wednesday could shave 45 billion euros ($47.3 billion) off the EU's ...

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