Alexandra Bacon
@alexbacon.bsky.social
UK business & economics journalist at AFP in London | Previously Business Insider, Sifted & International Energy Agency
Reposted by Alexandra Bacon
#UPDATE The UK government halved its 2025 growth forecast on Wednesday to 1% as it made billions of pounds of spendings cuts to shore up the public purse in the face of economic headwinds ➡️ u.afp.com/Swtf
March 26, 2025 at 2:27 PM
#UPDATE The UK government halved its 2025 growth forecast on Wednesday to 1% as it made billions of pounds of spendings cuts to shore up the public purse in the face of economic headwinds ➡️ u.afp.com/Swtf
Reposted by Alexandra Bacon
British energy giant BP has launched a major pivot back to its more profitable oil and gas business, shelving its once industry-leading targets on reducing carbon emissions and slashing clean energy investment.
https://u.afp.com/SJbo
https://u.afp.com/SJbo
February 26, 2025 at 12:40 PM
British energy giant BP has launched a major pivot back to its more profitable oil and gas business, shelving its once industry-leading targets on reducing carbon emissions and slashing clean energy investment.
https://u.afp.com/SJbo
https://u.afp.com/SJbo
British oil giant BP announced Monday it will “significantly reduce” investment in renewable energy through to 2030, as it moves its offshore wind division out of its core business.
Crude awakening as BP slashes renewables investment, doubling down on oil and gas
BP will "significantly reduce" its plan to invest $10 billion in offshore wind, instead budgeting just $3.25 billion.
fortune.com
December 12, 2024 at 1:47 PM
British oil giant BP announced Monday it will “significantly reduce” investment in renewable energy through to 2030, as it moves its offshore wind division out of its core business.