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2024-10-07 11:51:58

CelloMom On Cars on Nostr: BP abandons goal to cut oil output, resets strategy "When unveiled in 2020, BP's ...

BP abandons goal to cut oil output, resets strategy
"When unveiled in 2020, BP's strategy was the sector's most ambitious with a pledge to cut output by 40% while rapidly growing renewables by 2030.

The London-listed company is now targeting several new investments in the Middle East and the Gulf of Mexico to boost its oil and gas output, the sources said.

The company continues to target net zero emissions by 2050."

https://www.reuters.com/business/energy/bp-drops-oil-output-target-strategy-reset-sources-say-2024-10-07/

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