BP's Looney to expand climate goals, explores overhaul - Reuters [Seeking Alpha]
BP p.l.c. (BP)
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Energy BP's Looney to expand climate goals, explores overhaul - Reuters Jan. 22, 2020 11:27 AM ET | BP p.l.c. (BP) Carl Surran Incoming BP ( -1.1% plans to adopt broader carbon emissions reduction goals More stringent climate targets could lead the company to sell its most carbon intensive businesses such as oil and gas fields in Angola and Canada, according to the report. As part of the climate push, Looney also is said to be considering a broad reorganization of the company aimed at cutting costs, including potential combinations of parts of the upstream oil and gas production division with refining and petrochemical operations. Click to subscribe to real-time analytics on BP Now read: 2020 Can Be A Solid Year For Chevron » Try PREMIUM
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