The media learned about BP's plans to reduce green investments and increase oil production

The media notes that five years ago, the company set a goal to reduce oil and gas production by 40% by 2030, while significantly increasing investments in renewable energy sources. Now BP intends to completely abandon this idea.

"In 2024, BP's net profit fell to $8.9 billion, compared with $13.8 billion in the previous year," the article says.

The British branch of the environmental organization Greenpeace (deemed undesirable on the territory of the Russian Federation) has already warned that BP may encounter "resistance and problems" if it increases its reliance on fossil fuels.

Earlier, on January 16, it was reported that British Petroleum href="https://iz.ru/1823316/2025-01-16/british-petroleum-sokratit-pochti-5-tys-sotrudnikov-dlia-snizheniia-raskhodov " target="_blank"> will cut 4,700 jobs, which is about 5% of its staff, and more than 3,000 positions among contractors. The decision was made to reduce costs. According to the executive director, other measures are expected for the same purpose in 2025 and beyond.

Prior to that, on January 13, Jim Ratcliffe, the founder of the international chemical giant company Ineos, said that the UK chemical industry href="https://iz.ru/1821156/2025-01-13/v-britanii-predrekli-ischeznovenie-sobstvennoi-khimicheskoi-promyshlennosti " target="_blank">on the verge of extinction due to high energy prices and carbon taxes. According to the billionaire, the deindustrialization of the United Kingdom has done nothing for the environment and is only shifting production with harmful emissions to other places.