BP slashes renewable funding rising oil and gasoline manufacturing | Business Live

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Oil and gasoline big BP has once more slashed its renewable vitality funding and introduced extra funding for larger fossil gas manufacturing.

In an extra row again of local weather targets the corporate has stated renewable vitality funding will fall by $5bn (£3.95bn) a yr to simply $1b to 2bn ( £790m to £1.58bn).

Funding for additional oil and gasoline extraction will develop to $10bn (£7.9bn) yearly because the enterprise shifts focus again to its authentic mission of extracting fossil fuels.

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