This withdrawal underscores the immense challenge and inherent tension faced by major energy companies as they navigate the ...

A big shake-up has hit the world of climate action. Several major oil and gas companies have left a global expert group that ...

By PAN PYLAS. LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it ...

BP said on Tuesday it was aiming to accelerate its goal to reach net-zero emissions by 2050 as the British energy giant seeks to shift away from fossil fuels and boost its renewable energy capacity.

BP is now aiming to be net-zero across operations, upstream production and downstream sales by 2050 or sooner, which would make it the first major oil and gas company to do so, Mr. Duguid said.

BP challenges US energy regulator's oversight of Venture Global LNG plant. By Curtis Williams. December 12, 2023 4:29 PM UTC Updated December 12, 2023 Model of LNG tanker is seen in ...

BP to slash spending on net zero ventures as it focuses on oil and gas again A sign at a BP petrol station in London, Feb. 7, 2023. British ...

BP to slash spending on net zero ventures as it focuses on oil and gas again . Feb. 26, 2025 at 4:06 am Updated Feb. 26, 2025 at 6:56 am . By . PAN PYLAS. The Associated Press.

A sign at a BP petrol station in London, Feb. 7, 2023. British energy giant BP has confirmed it is to slash spending on green ventures and up its oil and gas production. Credit: AP/Kirsty Wigglesworth ...

BP to slash spending on net zero ventures as it focuses on oil and gas again by: PAN PYLAS, Associated Press. Posted: Feb 26, 2025 / 08:39 AM MST. Updated: Feb 26, 2025 / 08:42 AM MST.

In a statement titled “Reset BP,” the company said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion. By contrast, it said it would increase its ...