BP oil, gas output to fall 40% by 2030 amid transition to carbon energy company
05.11.2020
MOSCOW (MRC) -- BP expects its oil and gas production to fall by at least 1 million b/d of oil equivalent or 40% over the next decade, as it transitions to a lower carbon energy company, reported S&P Global with reference to the company's statement.Under a new strategy, BP said it will boost investment on low carbon projects such as renewables, bioenergy by 10-fold to around USD5 billion/