BP plans to boost its US oil and gas production by more than 50% by 2030

BP, the oil company that once aimed to lead the shift to renewable energy, is now on board with President Trump’s mantra of “drill, baby, drill,” The Wall Street Journal writes.

The London-based energy company announced Tuesday it was aiming to boost its U.S. production of oil and gas by more than 50% by the end of the decade. The announcement to boost production comes as BP has cut its green spending while repivoting toward fossil fuel investments.

In February, the company said it would boost oil and gas production and cut investments in clean energy. On Tuesday, BP announced that a senior executive in charge of green energy investments would leave the company and would not be replaced.

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Source: Business Report

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