The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.

BP has unveiled its new business strategy. The oil and gas company has promised to increase its fossil fuel investments by 20 ...

BP said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion. BP will ...

BP’s shift back to fossil fuels, a move that disappoints environmental campaigners, reflects growing market pressures and ...

BP has returned to its oil and gas roots in a spectacular about-turn following its trailblazing attempt five years ago to ...

BP (BP) has announced a significant reduction in its renewable energy investment, slashing it by about $5 billion annually to between $1 billion and $2 billion, while simultaneously increasing funding ...

The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.

The British petroleum giant laid out plans Wednesday to boost spending on fossil fuels as it dials back renewable energy ...

BP’s U.S. shares (BP) closed 1.7% lower on Wednesday after the company said it would raise its oil and gas production and ...

The new head of sustainability at HSBC Holdings Plc says the time has come for banks to stop penalizing clients that have a ...

BP is set to announce at the capital markets day that it is scaling back its 2030 renewables goal to 50GW instead of a ...