Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a fundamental strategic reset.
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,
The Future of Africa's Energy Sector: Balancing Fossil Fuels and Renewables (By NJ Ayuk)
Geothermal power in Africa is currently dominated by Kenya, which to date is the seventh largest producer of geothermal power. Kenya’s estimated geothermal power potential is roughly 10 GW, but current operation capacity only allows 1 GW to be harnessed.
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.
BP to ditch renewables goals and return focus to fossil fuels
STORY: Sources say BP's chief executive is to scrap a target to increase renewable generation 20-fold by 2030.And will instead return its focus to fossil fuels.BP's shares have underperformed rivals in recent years.
BP cuts renewable energy investments, boosts fossil fuel production
BP (BP) has announced a significant reduction in its renewable energy investment, slashing it by about $5 billion annually to between $1 billion and $2 billion, while simultaneously increasing funding for fossil fuel production to $10 billion per year.
BP slashes green energy spending and turns back towards fossil fuels
The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.
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.
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A Mining Billionaire’s Case for Ditching Fossil Fuels
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Grist on MSN2d
The fossil fuel industry is trying to keep buildings hooked on gas. Here’s how.
Drawing from an InfluenceMap database that tracks corporate engagement on climate policies, researchers found that fossil ...
Exclusive: Russia Making Billions From Fossil Fuels Despite Sanctions
Russia's fossil fuel exports generated more than $250 billion in revenue in the third year of its war in Ukraine.
Carbon removal is the next big fossil fuel boom, oil company says
Occidental, the oil giant that has tried to fashion itself as a climate tech leader, is being real clear now about capturing ...
AI giants learn to share Trump’s zeal for fossil fuels
As Trump moves to unleash more gas and coal, even some of the greenest companies are taking advantage in their pursuit of ...
Miliband blames fossil fuels for ‘worrying’ rise in energy bills
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