BP sets higher-ambition emissions targets, boosts low carbon capex share

Published 11:40 on February 8, 2022  /  Last updated at 23:40 on March 15, 2022  /  EMEA, International  /  No Comments

Oil major BP has upgraded its climate targets for 2030 and 2050 and pledged a larger slice of capex for its "transition growth" businesses as the company announced on Tuesday bumper profits of $12.8 billion for 2021, its highest level in eight years due to the surge in oil and gas prices.

Oil major BP has upgraded its climate targets for 2030 and 2050 and pledged a larger slice of capex for its “transition growth” businesses as the company announced on Tuesday bumper profits of $12.8 billion for 2021, its highest level in eight years due to the surge in oil and gas prices.

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