BP records $17B loss, plans new energy future  

BP has recorded a US$16.8 billion loss for the quarter and cut its dividend after maintaining it through the last quarter’s low prices but has  announced plans to cut oil and production by a staggering 40% by the next decade replacing it with 50 gigawatts of renewable energy.

BP records $17B loss, plans new energy future   BP records $17B loss, plans new energy future   BP records $17B loss, plans new energy future   BP records $17B loss, plans new energy future   BP records $17B loss, plans new energy future  
It plans an "up to" eight-fold increase in renewables investment by 2025 and in Australia has already acquired Wellington North solar farm in New South Wales after the reporting period alongside its