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BP to Boost Oil and Gas Investments by $10 Billion, Reversing Pledge to Invest in Clean Energy

HeadlineFeb 27, 2025

The oil giant BP has announced it’s cutting planned investments in clean energy and redirecting that spending toward fossil fuels to the tune of $10 billion per year. The climate group 350.org said the news “clearly demonstrates why super-rich corporations and individuals, chasing short-term profit for themselves and shareholders, cannot be trusted with fixing the climate crisis or leading the transition to renewable energy we so badly need.”

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