In a surprising move, BP has announced its decision to pull out of a massive green hydrogen project in Australia. The Australian Renewable Energy Hub (AREH) will no longer be operated or owned by the ...

BP faces a threat of legal action from activist climate investors over its refusal to include a resolution they filed for its planned annual general meeting.

BP today unveiled a massive strategy U-turn with a new emphasis on oil and gas investment and a massive downgrade of its commitment to green energy. Under pressure chief executive Murray Auchincloss ...

BP (NYSE: BP) just confirmed what many already suspected: Big Oil's renewable energy pivot was an expensive mistake. The British oil giant took a $5.4 billion write-down on its green energy portfolio ...

Britain's BP is bracing for a shareholder backlash at its annual general meeting on Thursday, with a chorus of disgruntled investors planning to voice their concerns over the firm's green strategy ...

UK supermajor BP is taking over operatorship of the US$36 billion Asian Renewable Energy Hub (AREH) in Pilbara, Western Australia, which the company is hailing as one of the world’s largest renewables ...

bp acquired a 40.5% stake in the project in 2022. Image: Australian Renewable Energy Hub. Oil and gas major bp has confirmed it will exit the Australian Renewable Energy Hub (AREH), a 26GW wind, solar ...

LONDON -- British energy company BP confirmed Wednesday that it would reduce spending on green ventures and increase its oil and gas production, a change in direction that it hopes will bolster its ...

BP (BP) wrote down $5.4B in renewable energy assets. It suspended buybacks and is returning to upstream oil. Oil majors that invested heavily in renewable projects have underperformed those that ...