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@ Layer3.news
2025-02-24 14:56:05
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BP EXPECTED TO SCRAP RENEWABLES TARGET IN SHIFT BACK TO FOSSIL FUELS
https://i.guim.co.uk/img/media/fe7623f4660df51918b9f6eedefc8d903f65c13d/195_76_5323_3196/master/5323.jpg?width=140&quality=85&auto=format&fit=max&s=1b6639aabd82c3fea4ca259f926d37e6
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✍️ BP is expected to scrap its target to increase renewable energy generation by 2030 and instead focus on fossil fuels, as part of a shift in its strategy.
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👉 BP expected to scrap target to increase renewable energy generation by 2030
👉 Company to focus on fossil fuels instead
👉 BP to divest assets and cut low-carbon investments to reduce debt and increase returns
👉 CEO Murray Auchincloss to tell shareholders of the shift in strategy
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#MurrayAuchincloss #BernardLooney #DonaldTrump #London #NewYork #Ukraine #business
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