Oil major BP to slash renewable spending and double down on fossil fuels in strategy reset
British oil major BP on Wednesday announced plans to increase annual oil and gas investment to $10 billion as part of a ...
HSBC Says It’s Time to End ‘Negative Bias’ Toward Fossil Fuels
The new head of sustainability at HSBC Holdings Plc says the time has come for banks to stop penalizing clients that have a ...
BP to Focus More on Oil and Gas in Strategy ‘Reset’
The energy giant said it would cut planned investment in clean energy and redirect spending toward fossil fuels.
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Government's commercial LNG plan 'will deepen Ireland's dependence on fossil fuels'
A group of leading academics from a number of universities in Ireland and the US have warned the Government that failing to ...
BP slashes renewables investment and boosts fossil fuel production
Oil and gas giant BP has again slashed its renewable energy investment and announced more funding for greater fossil fuel ...
BP slashes ‘net zero’ renewable energy spending by $5 billion, turns to fossil fuels: What’s behind the strategy shift?
BP said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion. BP will ...
After a month of Trump’s pro-oil and gas moves, Dems target his energy emergency
President Donald Trump pledged a U-turn away from the Biden administration's commitment to fighting climate change and ...
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European Commission Bares Strategy to Lower Energy Costs
In 2022, the EU’s fossil fuel import bill hit a record-high EUR 604 billion. That was just a year after the figure fell to a historic low of EUR 163 billion in 2020, according to Commission data.
BP slashes green energy spending and turns back towards fossil fuels
The move follows pressure from some investors to boost profits at the firm, but has also angered environmental groups.
BP to Slash Green Spending, Pivot Back to Oil
The struggling British energy company has seen its rivals streak ahead after it bet big on clean energy.
Trump’s Plan to Repeal Climate Policy Could Upend Shift to Electric Cars
The administration is setting the stage for Congress to repeal a longstanding waiver that allows California to set its own ...
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Zimbabwe plans to expand coal use to address drought-induced blackouts
The Southern African nation faces severe power shortages but lacks the funding to shift to cleaner energy sources, ...