WSJ News Exclusive | BP’s CEO Plays Down Renewables Push

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WSJ News Exclusive | BP’s CEO Plays Down Renewables Push
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BP's CEO plans to dial back parts of the company's renewable-energy push, people familiar with the discussions say, as its performance lags behind U.S. peers

Bernard Looney seeks to sharpen strategic focus, with less emphasis on environmental goals

Money is a sticking point in climate-change negotiations around the world. As economists warn that limiting global warming to 1.5 degrees Celsius will cost many more trillions than anticipated, WSJ looks at how the funds could be spent, and who would pay. Illustration: Preston Jessee/WSJLONDON— BP PLC Chief Executive Bernard Looney plans to dial back elements of the oil giant’s high-profileMr.

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