Bernard Looney, the chief executive of BP, has recently discussed plans with people close to the supermajor to potentially scale back the company’s push into greener operations with less emphasis on ESG targets, The Wall Street Journal reported on Wednesday, quoting sources with knowledge of the discussions.
Looney took over as chief executive at BP in early 2020. Just days later, he pledged to make the company a net-zero emissions energy firm by 2050 or sooner. BP, like most European majors, is now pitching itself as an integrated energy…Disappointing Returns May Force BP To Rein In Its Renewable Energy Push
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