BP’s shift away from renewable energy was made clear by Murray Auchincloss on Tuesday, as the chief executive said he will reduce spending on offshore wind and focus more on oil and gas.
Fossil fuels are at the core of his evolving plan at BP, which includes rowing back on the green energy pledges once pursued by Mr Auchincloss’ predecessor Bernard Looney.
An example of this was laid out by the new chief during BP’s quarterly results, as Mr Auchincloss said he would not consider offering green energy from offshore turbines to customers.
Rather, it will be used to power refineries. https://www.telegraph.co.uk/business/2023/11/01/bp-oil-gas-green-energy-pledges/?fbclid=IwAR0acuX9J8TbzbzEfEIjcGZ58YykXR-jCyfJNTAL_TMnPN7ex932MtJfkw0
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