A massive hydrogen project at the heart of Ed Miliband’s net zero plans risks being cancelled as BP retreats from green ...

Oil major bp has pulled back from its promise to cut ... although it continues to target net-zero emissions by 2050. Murray Auchincloss, who was appointed CEO at the start of the year, is now ...

BP’s carbon-cutting target, announced in 2020 ... opportunity” and confirmed that the company still wants to meet net-zero carbon emissions by 2050. BP’s change of strategy is facing ...

The 1.2GW project was set to produce hydrogen from natural gas and capture associated emissions, contributing heavily to the ...

Jobless claims hit 8-month high In a statement titled “Reset BP,” the company said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion.

STORY: BP has abandoned a target to cut oil and ... Though the company continues to target net zero emissions by 2050. The sources added Auchincloss will present his updated strategy at an ...

BP hasn’t said as much, but observers fear the 2050 net zero target will, at least, take a back seat now. The firm has already slashed its reduction targets for oil and gas output. The company ...

Its carbon-cutting target, announced in 2020 ... “The problem for BP is that it flip flopped away from net zero and back to oil and gas too late,” said Kathleen Brooks, research director ...

In a statement titled “Reset BP,” the company said it will reduce its spending on net zero transition businesses ... or even make it a takeover target. The influential U.S. hedge fund Elliott ...