In a glossy, high-concept London campaign launch, the BP boss set out 10 new aims for the company, most notably the transformation to a net zero energy company by 2050.
By early 2023, BP had watered down the 40% cut to a 25% reduction after the war in Ukraine caused oil prices to surge, doubling the company's profits.
BP plans to abandon its curbs on fossil fuel production in favour of targeting several new investments in the Middle East and the Gulf of Mexico.
The backtrack from environmental, social and governance (ESG) standards is gaining pace among the world's biggest companies, reflecting a shift away from earlier sustainability commitments.
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