https://sputnikglobe.com/20221227/uks-bp-slammed-for-plans-to-invest-more-in-fossil-fuel-energy-than-renewables-reports-say-1105814537.html
UK's BP Slammed for Plans to Invest More in Fossil Fuel Energy Than Renewables, Reports Say
UK's BP Slammed for Plans to Invest More in Fossil Fuel Energy Than Renewables, Reports Say
Sputnik International
UK energy major BP has been widely criticized for its plans to invest twice as much money in oil and gas projects that in green energy over the next few years
2022-12-27T08:55+0000
2022-12-27T08:55+0000
2023-05-28T15:25+0000
world
bp
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According to the newspaper, BP is going to allocate $7.5 billion in 2023-2025 to investment in gas and oil projects, while earmarking around $3-5 billion for renewable energy. Co-leader of the UK Green party Adrian Ramsay noted that BP's move was another example showing corporations were not willing to "change their actions in line with what the science demands." BP is a UK company established in 1909. It is one of the largest oil and gas companies in the world.
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uk's bp, fossil fuel energy, green energy
uk's bp, fossil fuel energy, green energy
UK's BP Slammed for Plans to Invest More in Fossil Fuel Energy Than Renewables, Reports Say
08:55 GMT 27.12.2022 (Updated: 15:25 GMT 28.05.2023) MOSCOW (Sputnik) - UK energy major BP has been widely criticized for its plans to invest twice as much money in oil and gas projects that in green energy over the next few years, a British newspaper reported on Tuesday.
According to the newspaper, BP is going to allocate $7.5 billion in 2023-2025 to investment in gas and oil projects, while earmarking around $3-5 billion for renewable energy.
"It is astounding that in the middle of a climate emergency BP is planning to invest billions more dollars on planet-warming fossil fuels than on clean, green renewables," Mike Childs, head of policy at Friends of the Earth, an international environmental network, said.
Co-leader of the UK Green party Adrian Ramsay noted that BP's move was another example showing corporations were not willing to "change their actions in line with what the science demands."
"It is vital that governments step up and do what is necessary to give us the best possible chance of protecting the environment for ourselves and future generations," Ramsay added.
BP is a UK
company established in 1909. It is one of the largest oil and gas companies in the world.
