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BP plans to scale back its renewable projects and ramp up oil and gas production | Business Live
Posted
February 26, 2025
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February 26, 2025
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1:12:17
12:31Now PlayingJoin Business Live as BP has announced plans to "fundamentally reset" its strategy - with the company scaling back its renewable projects and increasing oil and gas production.
Under the plans, it will increase oil and gas investment to 10 billion dollars per year.
And it will reduce investment in renewable technology such as biofuels and EV charging to 1.5 to 2 billion dollars a year - down from more than 5 billion dollars under the previous guidance
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