BP cuts renewable energy investments, boosts fossil fuel production ...Middle East

Quartz - Economy
BP cuts renewable energy investments, boosts fossil fuel production
source : Quartz ( Middle East ) () 44

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 for fossil fuel production to $10 billion per year. This strategic shift marks a return to the company’s traditional…

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