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@taskmaster4450le
· 2Y agoBP Walks Back Green Targets Amid Market Realities
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BP has reversed its commitment to cut oil and gas production by 40% by 2030.
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The energy transition remains challenged by economic realities, prompting BP and other major oil companies to scale down transition plans.
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BP's pivot, along with similar moves from other oil majors, highlights the industry’s continued reliance on hydrocarbon.
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