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.
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
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 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,
E&E2h
Renewable energy advocates woo MAGA loyalists
Renewable energy advocates are working to position themselves as part of President Donald Trump’s energy agenda — including ...
India's NTPC plans to invest more than $23 billion on renewable energy in Madhya Pradesh
Indian state power company NTPC will invest more than 2 trillion rupees ($23.07 billion) on renewable energy projects in the ...
Quebec Pension to Buy Innergex Renewable for $7 Billion
Canadian pension manager Caisse de Depot et Placement du Quebec agreed to acquire Innergex Renewable Energy Inc. in an ...
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.com5h
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 Columbian5h
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.
MoneyWeek6d
Renewable energy investing: who is paying for the green revolution?
The entire market capitalisation of the 20 renewable energy infrastructure funds (REIFs) listed in the UK has now fallen to ...
Pensions&Investments1h
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 ...
Natural Gas Could Get Priority Over Renewable Energy in Largest U.S. Grid
Federal regulators approved a proposal from the nation’s largest grid operator that will give primacy to 50 new power plants, ...
The Canadian Press on MSN4h
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 ...
Houston American Energy expands into renewable fuels with Abundia Global Impact deal
Houston American Energy (NYSE:HUSA) +1.5% pre-market Monday after saying it agreed to acquire Abundia Global Impact Group, a ...
The World Bank Pivoted to Climate. That Now May Be a Problem.
The Trump administration’s deep cuts to clean-energy programs are raising concerns about U.S. commitments to the lender.