Monday
July 1
2024

BP Halts Hiring, Slows Renewables Roll-Out to Win Over Investors

BP’s (BP.L), opens new tab new CEO Murray Auchincloss has imposed a hiring freeze and paused new offshore wind projects as he places a renewed emphasis on oil and gas amid investor discontent over its energy transition strategy, sources at the company said.

Source: Reuters (link opens in a new window)

Categories
Energy, Environment
Tags
business development, climate change, corporations, decarbonization, wind