‘We Went Too Quickly’: Bp on Its Exit of the 26GW Australian Renewable Energy Hub

‘We went too quickly’: bp on its exit of the 26GW Australian Renewable Energy Hub

Lucy Nation has said bp paid the price for proceeding “too quickly,” resulting in its exit from the 26GW AREH project in Pilbara.

BP shifts strategy back toward oil production

BP, the energy giant that once rebranded itself as “Beyond Petroleum” in a push toward renewable energy, has reversed course and is now ramping up its oil and gas production while divesting from some of its clean energy holdings. This strategic pivot marks a significant change for the company that had previously positioned itself as a leader in the transition to renewable energy. The move comes amid global energy market volatility and renewed fo…

“We went too quickly:” BP defends dramatic renewable exit as Fortescue accelerates to net zero

While Fortescue charges towards real zero, the slowdown by other big iron ore miners is being blamed by BP for its decision to quit giant renewables project. The post “We went too quickly:” BP defends dramatic renewable exit as Fortescue accelerates to net zero appeared first on RenewEconomy.