A massive hydrogen project at the heart of Ed Miliband’s net zero plans risks being cancelled as BP retreats from green targets.

BP’s carbon-cutting target, announced in 2020 ... opportunity” and confirmed that the company still wants to meet net-zero carbon emissions by 2050. BP’s change of strategy is facing ...

Jobless claims hit 8-month high In a statement titled “Reset BP,” the company said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion.

Oil major bp has pulled back from its promise to cut ... although it continues to target net-zero emissions by 2050. Murray Auchincloss, who was appointed CEO at the start of the year, is now ...

The 1.2GW project was set to produce hydrogen from natural gas and capture associated emissions, contributing heavily to the ...

BP hasn’t said as much, but observers fear the 2050 net zero target will, at least, take a back seat now. The firm has already slashed its reduction targets for oil and gas output. The company ...

STORY: BP has abandoned a target to cut oil and ... Though the company continues to target net zero emissions by 2050. The sources added Auchincloss will present his updated strategy at an ...

A massive hydrogen project at the heart of Ed Miliband’s net zero plans risks being cancelled as BP retreats from green targets. The H2Teesside scheme, announced in 2021 by the company’s then ...

In a statement titled “Reset BP,” the company said it will reduce its spending on net zero transition businesses ... or even make it a takeover target. The influential U.S. hedge fund Elliott ...