BP's CEO plans to dial back parts of the company's renewable-energy push, people familiar with discussions say, as its performance lags behind U.S. peers.
This casts further doubt on whether oil majors can successfully become energy majors…
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Fascinating to see how much inertia BP has and that they're going to continue to double down on fossils. It's a classic innovators dilemma, they need to kill the cash cow. In college (15 years ago!?), I assumed that O&G would quickly transition to energy companies to diversify...
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