BP is a victim of wishful thinking on fossil fuels

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The story "BP is a victim of wishful thinking on fossil fuels" was covered 18 hours ago by Financial Times, a news publisher based in United States.

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Financial Times 18h ago

BP is a victim of wishful thinking on fossil fuels - Financial Times

Quick Summary:

Then came Looney’s promise five years ago that BP would reduce oil and gas output 40 per cent by 2030, and would “reimagine energy for people and our planet”.

It announced last week that it was cutting 4,700 jobs in a renewed effort to be “a simpler, more focused, higher value company”.

Three months before Deepwater Horizon, BP’s market value briefly overtook that of Shell but now it lags far behind.