Why BP’s Elimination Of 2030 Oil Reduction Target Is No Real Surprise
BP said Monday it will drop a pledge to cut its oil production 25% by 2030. Critics slammed the move, but should not be surprised by it.
In Depth
Exclusive: BP abandons goal to cut oil output, resets strategy
BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.
BP to walk back oil and gas production output cuts
Oil and gas giant BP has reportedly dropped its goals for cutting oil and gas output by 2040 as it shifts away from an ambitious clean energy strategy in light of sustained global demand for fossil fuels.
BP bows to investor pressure as it abandons plans to cut oil output
BP has been facing increasing pressure from investors and stakeholders to cut down its green ambitions and to stay within the more profitable fossil fuels sector. Environmental groups are angry.
BP scales back its energy transition, abandons oil and gas targets
Offshore Technology previously reported that the energy giant was pondering a move away from renewables in the hope of better longer-term financial returns.
BP Ditches Goal to Cut Oil and Gas Production by 2030
BP is abandoning its target to reduce oil and gas production by 2030 and increasing investments in fossil fuels to boost shareholder returns.
BP slammed as 'climate vandals' after 'scrapping target' to reduce oil production by 2030
The energy multinational faced anger from green groups over reports it wants to ditch its 2030 pledge to reduce oil and gas output to improve profits.
BP drops goal to reduce oil and gas output
When unveiled in 2020, BP's strategy was the sector's most ambitious with a pledge to cut output by 40% while rapidly growing renewables by 2030.
Exclusive-BP drops oil output reduction target in strategy reset, sources say
By Ron Bousso LONDON (Reuters) -BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.
BP Abandoning Oil, Gas Output Cut Target, Report Says
KEY TAKEAWAYS BP reportedly has given up on its goal to cut oil and gas output by 2030, as the British energy giant's chief executive seeks to build back investor confidence in the company.According to Reuters,
BP Ditches 2030 Oil Output Cut in Shift Back to Hydrocarbons
BP plc BP is pivoting away from its aggressive emission reduction goals as it scrapped plans to cut oil and gas production by 2030, per a Reuters report. The U.K.-based energy giant aims to increase production,
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BP shifts gears, scales back renewables to regain investor trust: report
BP is shifting its strategy by abandoning a key 2030 oil and gas output reduction target. CEO Murray Auchincloss aims to ...
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Emails Reveal BP Gave $550,000 to Group Fighting Climate Lawsuits
The Manufacturer's Accountability Project is ubiquitous fighting cities' and states' suits against oil companies. Now, it's ...