BP, fossil fuel

Oil major BP boosts annual fossil fuel spending to $10 billion 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.
BP boosts fossil fuel spending to $10 billion, sets $20 billion divestment target
BP said on Wednesday it would increase annual oil and gas investment to $10 billion, returning the focus to fossil fuels, as part of CEO Murray Auchincloss' efforts to boost returns and improve financial performance.
BP slashes renewables investment and boosts fossil fuel production
Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel production. In a further row back of climate targets the company has said renewable energy investment will fall by $5bn (£3.95bn) a year to just $1bn to $2bn (£790m to £1.58bn).
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 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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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 ...
EU says energy plan could cut 45 billion euros off fossil fuel import bill
Plans due to be published by the European Commission on Wednesday could shave 45 billion euros ($47.3 billion) off the EU's ...
From drill to grill: Continued fossil fuel use puts us all in the hot seat
The Climate Council is warning that Australia's biggest cities could face dangerously hot temperatures, unless action is ...
Fossil-Fuel Companies Are Lobbying Trump to Save a Green-Fuel Program
Oil-and-gas companies are pushing the new administration to keep hydrogen tax credits, despite the president’s ambition to ...
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 ...
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Should fossil fuel companies be forced to pay for Los Angeles wildfire losses? | Dan Walters
As wildfires swept through Los Angeles County last month, the New York Times published a commentary by former insurance commissioner Dave Jones, who suggested that oil companies should pay for the ...
Senate Democrats fail to end Trump’s energy emergency declaration
Democratic Sens. Tim Kaine (VA) and Martin Heinrich (NM) offered a joint resolution seeking to terminate the executive order, signed by Trump on his first day in office as he pursues “energy dominance ...
HSBC Says It’s Time to End ‘Negative Bias’ Toward Fossil Fuels
The new head of sustainability at HSBC Holdings Plc says the time has come for banks to stop penalizing clients that have a ...