The oil giant is preparing for a 40 percent output cut and ten-fold increase in spending on low-carbon energy.

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Topics:  oil   
BING NEWS:
  • Developing Nations Look to Balance Oil and Gas Opportunity with Climate Concerns
    The development of new oil and gas regions in Africa and the Caribbean has sparked debate over climate change, economic needs, and the historical involvement of foreign oil majors.
    05/3/2024 - 1:01 pm | View Link
  • BP Was Warned Gas-Driven Climate Change Could Cause ‘Unprecedented Famine’
    Yet the oil and gas major led a campaign to present gas as a climate solution, new ‘confidential’ documents released by a U.S. Congressional investigation reveal.
    05/3/2024 - 10:57 am | View Link
  • Oil Companies Expand Offshore Drilling, Pointing to Energy Needs
    Shell and others say they plan to drill for oil and gas in the Gulf of Mexico in part because doing so releases fewer greenhouse gases than drilling on land.
    05/3/2024 - 7:11 am | View Link
  • New documents show oil executives promoted natural gas as green — but knew it wasn’t
    A trove of documents released ahead of a congressional hearing shows BP acknowledging that gas wasn't as climate-friendly as promised.
    05/2/2024 - 7:42 am | View Link
  • Democrats say Big Oil misled public for decades about climate change
    Major oil companies have misled Americans for decades about the threat of human-caused climate change, according to a new report released Tuesday by Democrats in Congress.
    05/1/2024 - 10:56 am | View Link
  • More

 

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