BP scraps green energy target and ramps up oil

26 February 2025

BP, the energy giant that once promised to go green, has decided to hit the brakes on its eco-friendly ambitions and shift gears back to good ol’ oil and gas. In a move that’s got environmentalists shaking their heads and some shareholders popping champagne, BP announced it’s upping its fossil fuel investments to $10 billion a year. That’s right—while the rest of the world is trying to save the planet, BP’s doubling down on drilling.