News
08 October 2024

BP ‘abandoning plan to cut oil output’ angers green groups

In:
Oil & gas
Region:
Europe

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, sources said.When unveiled in 2020, BP's strategy was the sector's most ambitious with a pledge to cut output by 40%...

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