Why BP’s Elimination Of 2030 Oil Reduction Target Is No Real Surprise
BP said Monday it will drop a pledge to cut its oil production 25% by 2030. Critics slammed the move, but should not be surprised by it.
In Depth
Exclusive: BP abandons goal to cut oil output, resets strategy
BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.
BP drops target for cut in oil output in strategy reset: sources
STORY: BP has abandoned a target to cut oil and gas output by 2030.Three sources told Reuters of the new approach.They said CEO Murray Auchincloss is scaling back the firm's energy transition strategy to regain confidence from investors.
BP slammed as 'climate vandals' after 'scrapping target' to reduce oil production by 2030
The energy multinational faced anger from green groups over reports it wants to ditch its 2030 pledge to reduce oil and gas output to improve profits.
BP drops goal to reduce oil and gas output
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.
BP to walk back oil and gas production output cuts
Oil and gas giant BP has reportedly dropped its goals for cutting oil and gas output by 2040 as it shifts away from an ambitious clean energy strategy in light of sustained global demand for fossil fuels.
BP Ditches 2030 Oil Output Cut in Shift Back to Hydrocarbons
BP plc BP is pivoting away from its aggressive emission reduction goals as it scrapped plans to cut oil and gas production by 2030, per a Reuters report. The U.K.-based energy giant aims to increase production,
BP abandons goal to cut oil output, resets strategy
BP has abandoned a target to cut oil and gas output by 2030 as CEO Murray Auchincloss scales back the firm's energy transition strategy to regain investor confidence, three sources with knowledge of the matter said.
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Our Take: BP, Back to Petroleum?
BP's commitment to cut production looks shakier than ever amid reports it will retire its plans to reduce oil and gas output ...