BP plans to axe some of its oil projects and reduce investment in others in a bid to be more environmentally friendly, its chief executive has said.
Bob Dudley said one way to help reduce greenhouse gas emissions was to sell some of its most carbon-intensive projects, although he would not say which assets BP was targeting.
Earlier this year shareholders voted to force BP to explain how it is aligning its operations with the Paris climate change agreement of 2015 by issuing a report on the matter before its annual general meeting in May next year. This puts senior managers under pressure to come up with solutions.
“We are certain we’ve got a path, it may not be linear, to being consistent with…
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