BP to slash spending on net zero ventures as it focuses on oil and gas again https://www.taxtmi.com/news?id=35368 BP is reallocating capital by cutting annual spending on net zero transition businesses and increasing investment in oil and gas production, presented as a strategic reset to focus on higher return businesses and long term shareholder value; the change reverses prior commitments to reduce fossil fuel production and follows asset restructurings and cost cuts, drawing criticism from environmental campaigners and reflecting investor pressure. en-us Wed, 26 Feb 2025 19:01:03 +0530 Wed, 26 Feb 2025 19:01:03 +0530 TaxTMI RSS Generator BP to slash spending on net zero ventures as it focuses on oil and gas again https://www.taxtmi.com/news?id=35368 BP is reallocating capital by cutting annual spending on net zero transition businesses and increasing investment in oil and gas production, presented as a strategic reset to focus on higher return businesses and long term shareholder value; the change reverses prior commitments to reduce fossil fuel production and follows asset restructurings and cost cuts, drawing criticism from environmental campaigners and reflecting investor pressure. News - Wed, 26 Feb 2025 19:01:03 +0530 https://www.taxtmi.com/news?id=35368