BP to spend up to $16 bil more by 2030 in renewed focus on oil, gas
BP plans to spend up to $16 billion more developing its oil, gas and renewable energy projects over the coming decade, the company said Feb. 7, in a major backtrack on previous pledges to slash its upstream production by 2030. The energy major plans to invest up to $8 billion into oil and gas by 2030, targeting short-cycle opportunities with…