BP to drop renewable energy goals in favor of fossil fuels

Report: BP to drop renewable energy goals in favor of fossil fuels
BP CEO Murray Auchincloss is announcing plans to ditch the company's goal of growing renewable generation capacity 20-fold by 2030 and instead return focus to fossil fuels, Reuters reports. The goal measured growth from 2019 figures.
BP to drop renewables goals and shift focus back to fossil fuels
BP CEO Murray Auchincloss will tell investors the company is abandoning its target to grow renewable generation capacity 20-fold between 2019 and 2030 to 50 gigawatts.
Exclusive: BP to ditch renewables goals and return focus to fossil fuels
BP's chief executive will scrap a target to increase renewable generation 20-fold by 2030, returning the focus to fossil fuels, as part of a strategy shift announced on Wednesday to tackle investor concerns over earnings,
BP to ditch renewable energy targets in effort to boost earnings
British oil giant BP reportedly will announce plans to abandon its renewable generation goals this week in an effort to boost earnings. BP CEO Murray Auchincloss will tell investors at the company’s capital market day on Wednesday that it will ditch its target to grow renewable generation capacity 20-fold by 2030 and instead refocus on
BP poised to abandon renewable goals and return focus to fossil fuels - Reuters
BP (NYSE:BP) will scrap its target to increase renewable generation 20-fold by 2030 and return its focus to fossil fuels, as part of a strategy shift to be announced this week at its capital markets day investor update to tackle investor concerns over earnings,

India, Madhya Pradesh and renewable energy

MIT Technology Review1h
Turning a seaweed crisis into an energy opportunity
What happened next was pure serendipity. One of Henry’s undergraduates, Brittney McKenzie, commuted to the lab every day past ...
E&E4h
Renewable energy advocates woo MAGA loyalists
Renewable energy advocates are working to position themselves as part of President Donald Trump’s energy agenda — including ...
Energy Live News13h
Renewable energy market trends
Renewable power generation increased to 115.7TWh, up from 107.9TWh in 2023, and equated to just 30% back in 2018. This ...
Renewable energy ambitions in northern Colombia collide with Indigenous worries
CABO DE LA VELA, Colombia — Giant wind turbines tower over a cemetery sacred to Zoyla Velasquez and her Indigenous Wayuu ...
climatechangenews.com8h
Can a different approach to risk accelerate the energy transition in the Global South?
A new energy model can help address Global South's perceived risks of renewable energy and accelerate the energy transition.
The Columbian8h
Proposed renewable energy megaproject on Yakama Nation sacred site inches forward
A Klickitat County renewable energy megaproject planned for a site sacred to the Yakama Nation inched closer to reality late last month, Washington Department of Ecology documents show.
Pensions&Investments4h
CDPQ to acquire renewable energy firm Innergex
CDPQ has a long-standing relationship with Innergex, having made its first investments in the company in 1995. Over the years ...
The Canadian Press on MSN7h
Quebec pension fund manager to buy Innergex Renewable Energy in deal valued at $10 billion
Quebec pension fund manager CDPQ has signed a deal to buy Innergex Renewable Energy Inc. in an agreement that values the ...
Quebec pension fund manager Caisse to buy Innergex Renewable Energy in deal valued at $10-billion
Under the agreement, CDPQ will pay $13.75 per share in cash for Innergex’s common shares and $25 per share for the company’s ...
EU seeks more US gas, renewable energy to replace Russian supplies
European Union trade chief Maros Sefcovic said on Thursday that his top priority in trade talks with President Donald Trump's ...