Several major energy companies reportedly exited an advisory group that promoted draconian corporate climate targets after ...

Shell and other leading energy groups have abandoned a six-year-long attempt to define a net zero emissions strategy after ...

This withdrawal underscores the immense challenge and inherent tension faced by major energy companies as they navigate the ...

The development of a global oil and gas emissions standard has been put on hold after industry players including Shell, Aker ...

BP to slash spending on net zero ventures as it focuses on oil and gas again The update is clearly aimed at bolstering investor support in light of the company’s flagging share price. Share this: ...

Oil giants Shell, Aker BP and Enbridge have withdrawn from the Science Based Targets initiative over climate rules requiring ...

Enbridge (ENB) and Aker BP (OTCQX:AKRBF) have quit a six-year-long attempt to define a net zero emissions strategy after ...

Back in 2020, under the guidance of then newly appointed CEO Bernard Looney, BP announced it would embark on a strategy to remake itself as a "a net-zero company by 2050 or sooner," while ramping ...

BP may abandon a pledge to reduce oil production levels by 25 percent by 2030 ... shelving its once industry-leading targets on reducing carbon emissions and slashing clean energy investment.

The decision to give participating banks and asset managers five more years to invest in oil and gas was taken after new SBTi ...

A sign at a BP petrol station in London on Feb. 7, 2023. British energy giant BP has confirmed it is to slash spending on green ventures and up its oil and gas production.