Watch VideoBP is moving away from oil and gas production to focus on clean energy.
The company plans a 10-fold increase in low-carbon investments to $5 billion by 2030. BP has promised to reach net-zero emissions by 2050.
It'll pay for the strategic shift, in part, by cutting dividends for BP investors. This follows a...
BP Shifting Strategy Toward Clean Energy Production
Newsy
0 shares
1 views
You might like
Related news coverage
Three Oil Majors That Bet Big On Renewables – Analysis
Eurasia Review
By Alex Kimani
Big Oil has frequently been chided for merely trying to burnish its green credentials, and so far, it has..
-
Lake Resources ‘clean’ lithium to be tested by Novonix for use in high-performance batteries
Proactive Investors
-
NA Proactive news snapshot: American Resources,Trillion Energy, Nomad Royalty, Fidelity Minerals UPDATE …
Proactive Investors
-
NA Proactive news snapshot: American Resources, Trillion Energy, Nomad Royalty, Fidelity Minerals UPDATE …
Proactive Investors
-
Gevo is a “low-carbon” company developing and commercializing renewable diesel, jet fuel alternatives
Proactive Investors
Advertisement
More coverage
Bank of America says oil is set to reverse pandemic losses after 'the worst earnings season in a generation' — and shares its 7 top stock picks
Business Insider
· After plummeting this spring, oil prices are set to recover pandemic-fueled losses by the first half of next year, according to..