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of <h1>BP Slashes Net Zero Funding, Boosts Oil & Gas Investments, Sparking Criticism from Environmental Groups Over Climate Goals.</h1> British energy company BP announced a strategic shift, reducing annual spending on net zero ventures from $5 billion to $2 billion, while increasing oil and gas investments by 20% to $10 billion. This decision aims to enhance shareholder value amid a declining share price. The move marks a departure from BP's previous commitment to reducing oil and gas production in favor of greener initiatives. The change, unveiled ahead of a shareholder meeting, has been criticized by environmental groups for contradicting climate goals. BP's stock performance lags behind competitors, prompting speculation about potential strategic changes, including a possible listing move to New York.
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