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ENERGY TRANSITION

BP updates its emissions reduction targets

BP used its fourth results earlier this week to announce updates to its emission reduction targets, as chief Bernard Looney vowed to finally deliver on its promise to decarbonise, after nearly two years of explaining.

Mark Tilly
BP CEO Bernard Looney

BP CEO Bernard Looney

The new targets to cut scope 1 and 2 greenhouse gas emissions by 50% by 2030 bring it in line with rivals Shell and Equinor.  The target will be met with new spending pledges the company announced,...

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