The logo of British multinational oil and gas company BP ... [Photo/Agencies] Environmentalists have reacted with dismay to oil and gas giant BP saying it will slash green investment and ramp up ...

BP said it would increase annual oil and gas spending to $10 billion and cut planned annual investment in energy transition businesses by more than $5 billion.

European energy company BP announced Wednesday that it is cutting back on green energy goals and is instead refocusing on investing in oil and gas. The energy giant is planning to increase its ...