reuters bp - Search News

BP to drop renewable energy goals in favor of fossil fuels

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,

Hosted on MSN · 1d

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,

Chron on MSN · 16h

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.

Iraq, BP agree to develop 4 Kirkuk fields

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 Iraq, where output has been constrained by years of war, corruption and sectarian tensions.

Bloomberg L.P. · 19h

BP Finalizes Agreement With Iraq to Revive Kirkuk Oil Fields

BP Plc finalized an agreement with the government of Iraq to redevelop the giant Kirkuk oil fields, a deal that signals a return to the company’s Middle Eastern routes and should help to bolster production from the OPEC member.

Hosted on MSN · 19h

BP signs deal with Iraq to invest in Kirkuk oilfields

UK energy company BP has signed an agreement with the Iraqi government to invest in several giant oilfields in Kirkuk, in a move expected to provide a big boost to the Opec producer's energy production.

1h

BP ramps up oil and gas spending to $10 billion as CEO rebuilds confidence

BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuel, as ...

22hon MSN

BP expected to scrap renewables targets as part of performance reset

Renewable output is set to become less of a priority, while the pledge to reduce oil and gas output may be officially ...

Results that may be inaccessible to you are currently showing.

Hide inaccessible results