BP’s strategic shift raises big questions for business sustainability

BP’s latest move is a wake-up call for business leaders navigating the energy transition. The oil giant is ramping up fossil fuel investments by 20%, funnelling $10 billion annually into oil and gas while slashing renewables spending by 70%. The shift reflects growing investor pressure for higher returns and a stark reassessment of clean energy profitability.

This isn’t just about BP—Norwegian energy giant Equinor is making similar moves, hinting at a broader industry reset. With activist investors like Elliott influencing strategy and concerns about stranded assets looming, the big question remains: is this a temporary course correction or a long-term reversal?

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