LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its ...

Oil giant BP has said it intends to negate the carbon emissions from its operations and the fossil fuels it produces by 2050. If successful, BP’s plan would result in reduction of the company’s ...

BP's new CEO Bernard Looney set a goal to reduce the company's greenhouse gas emissions and become a net-zero carbon company by 2050. In a Wednesday morning statement, BP said the company aims to ...

Back in February, in the “before times,” oil giant BP announced a major new ambition: It would become a net-zero company by 2050. Although the company was very much stretching the definition of that ...

Shell doesn’t intend to “get into an arms race” with peer supermajor BP over goals to reduce its carbon footprint, Maarten Wetselaar, Shell’s Integrated Gas & New Energies Director, told The Times a ...

A deal between Shell and BP would be likely to attract intense political and regulatory scrutiny - David Paul Morris/Bloomberg Shell is considering a takeover of BP after the oil giant’s botched pivot ...

BP to Slash Spending on Net Zero Ventures as It Focuses on Oil and Gas Again LONDON (AP) — British energy company BP confirmed Wednesday that it would slash spending on green ventures and increase its ...