British energy giant BP launched a major pivot back to its more profitable oil and gas business Wednesday, shelving its once industry-leading targets on reducing carbon emissions and slashing clean energy investment.
Exclusive: 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 to tackle investor concerns over earnings, two sources told Reuters reut.rs/43tdVWX
-- Reuters (@reuters.com) February 24, 2025 at 9:01 AM
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@#3 ... Honestly looking at the list of who the largest BP shareholders it seems that 401k and other Retirement funds are among the leaders. ...
Lord of the Roths: How Tech Mogul Peter Thiel Turned a Retirement Account for the Middle Class Into a $5 Billion Tax-Free Piggy Bank
www.propublica.org
The retirement funds, intended for workers, look to be actively exploited by the uber-wealthy.
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