this week for the British energy giant’s annual three-day investor jamboree. Bernard Looney, who became chief executive this year, wants BP at last to make good on its old slogan, "Beyond Petroleum".
Annual capital spending on oil, gas and refining projects will fall from around $13bn in 2019 to an average of $9bn in 2021-25. Gas and oil production will remain relatively steady in the short term, before falling as BP ramps up its investments in renewable power. BP’s plan is more ambitious than under Mr Looney’s predecessor, Bob Dudley. It is also by far the most aggressive of any supermajor. That is admittedly a low bar.
Dirty fossils fuels coming to an end. Reprieve for planet earth
Trump’s still promoting “clean” coal and letting all the good paying renewal energy jobs go to China and the EU. Trump’s shortsighted & US will pay 4 it in the long run. Joe knows this & will do what it takes 4 workers 2 get with industries that r growing, pay well & r the future
Lol. 'Renewables' liberals in finance are such fools.
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