BP to drop renewable energy goals in favor of fossil fuels

Report: BP to drop renewable energy goals in favor of fossil fuels
The Houston oil giant is abandoning its goal of growing its renewable generation capacity 20-fold by 2030, Reuters reports.
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,

Innergex Renewable Energy, Quebec and Pension Fund

Energy Live News9h
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 ...
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 ...
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.com4h
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 Columbian4h
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.
Solar Power World26m
Illinois bill would set 15-GW energy storage target, launch virtual power plant program
Illinois families and businesses could see lower energy bills under HB3758/SB2497, a newly filed bill by Sen. Bill Cunningham ...
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 ...
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 ...