​BP Walks Back Green Targets Amid Market Realities – Tyler Durden

BP Walks Back Green Targets Amid Market Realities Authored by Irina Slav via OilPrice.com, BP has reversed its commitment to cut oil and gas production by 40% by 2030. The energy transition remains challenged by economic realities, prompting BP and other major oil companies to scale down transition plans. BP’s pivot, along with similar moves from other oil majors, highlights the industry’s continued reliance on hydrocarbon. In February 2020, then-brand-new chief executive Bernard Looney told the world that one of the oldest and biggest oil companies in the world was going to become a net-zero company by 2050. To achieve…  — Continue at ZeroHedge News : Read More