Renewable Energy Pullback By BP Continues To Gather Pace

(Photo: Michael Paulsen)Houston Chronicle via Getty ImagThe pullback by energy giant BP from renewables and a renewed focus on high margin mainstay oil and gas plays has been relentless this year under its current CEO Murray Auchincloss who was appointed in January.In one of his first major moves as CEO, Auchincloss revised the company's plans to cut oil and gas production by 25% between 2019 and 2030, reversing a previous target of a 40% reduction over the same time-frame. And by June, fresh bidding for of ...