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 bows to investor pressure as it abandons plans to cut oil output
BP has been facing increasing pressure from investors and stakeholders to cut down its green ambitions and to stay within the more profitable fossil fuels sector. Environmental groups are angry.
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 to walk back oil and gas production output cuts
Oil and gas giant BP has abandoned its ambitious energy strategy, doing away with its goal to cut its oil and gas output by 2030, according to a new report.
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.
Exclusive-BP drops oil output reduction target in strategy reset, sources say
By Ron Bousso LONDON (Reuters) -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 Abandoning Oil, Gas Output Cut Target, Report Says
KEY TAKEAWAYS BP reportedly has given up on its goal to cut oil and gas output by 2030, as the British energy giant's chief executive seeks to build back investor confidence in the company.According to Reuters,
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,
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