BP, giant energy, Wednesday, said he would increase expenditure on oil and gas in several different ways of clean energy.
The movement is a response to a combination of investor pressure to achieve higher returns and paying the so-called energy transition to fuel cleaners as expected.
“Today, we basically reset the BP strategy”, Murray Auchincloss, General Manager of BP, said in a statement.
The BP would increase about $ 10 Billion a year to strengthen the output, and then reduce renewable expenditure is $ 1.5 billion in $ 1 billion from the previous plan.
Mr. Auchincloss was responsible for the London-based Energy Group about a year ago, Bernard was Looney, not to reveal personal relationships with other staff.
Five years ago, Mr. Looney has announced significant changes in the company that included a plan that raised the production of oil and gas production by about 40 percent. These goals were applauded at the time of industrial analysts and investors.
In the meantime, however, oil and natural gas prices have risen. And BP invested in certain areas of green energy, especially from sea winds, they are wrong, especially in the United States.
The Trump Administration for fossil fuels, also changed the investment and an environment for energy companies.
2025-02-26 11:08:00
