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BP takes green energy hit: Refocus on fossil fuels
January 15, 2026
|The Guardian
BP said yesterday it expected to write down the value of its struggling green energy business by as much as $5bn (£3.7bn) as it refocused on fossil fuels under its new chair, Albert Manifold.
The energy company said the write-downs were mostly related to its gas and low-carbon energy divisions but added that wiping between $4bn and $5bn off their value would not affect its underlying profits when it reported its full-year results in February.
The company has been trying to sell a stake in its solar business, Lightsource, and has cancelled hydrogen projects in the UK, Oman and Australia.
هذه القصة من طبعة January 15, 2026 من The Guardian.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
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المزيد من القصص من The Guardian
The Guardian
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