BP Scales Back Climate Targets as Profits More Than Double

EcoWatch
By Cristen Hemingway JaynesFeb 7, 2023, 10:12 pm158 pts
Oil and gas giant BP has scaled back plans to reduce its production of fossil fuels by 2030 after it saw record annual profits that more than doubled to $27.7 billion last year. Gas prices soared following Russia’s invasion of Ukraine, bolstering the company’s earnings. BP now plans to increase its oil and…

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