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BP ditches climate targets in pivot back to oil and gas
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.
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lamplighter
Joined 2013/04/13Visited 2025/02/27
Status: user
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More from the article ... ... The strategy overhaul comes after a difficult trading year for BP, which is under pressure from investors to boost its share price as countries look to slash emissions.
"Our optimism for a fast transition was misplaced, and we went too far, too fast," chief executive Murray Auchincloss told investors at a presentation in London on Wednesday.
To the dismay of environmentalists, the group will cut cleaner energy investment by more than $5 billion annually, while retiring key targets on cutting carbon emissions. ...
#1 | Posted by LampLighter at 2025-02-27 12:05 AM | Reply
So...
A corporation putting profits for wealthy shareholders above the effects of that effort ... hurricanes and wildfires costing working people?
#2 | Posted by LampLighter at 2025-02-27 12:07 AM | Reply
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