By Ephraim Agbo
BP once branded itself as a leader in clean energy. Now, the mask is off. The oil giant has scrapped its renewable energy push, slashed green investments, and funneled $10 billion a year into boosting oil and gas production. So, was BP’s “Beyond Petroleum” just a clever marketing gimmick all along?
Betrayal or Business? Why BP Ditched Renewables
BP originally pledged to cut oil and gas production by 40% by 2030. That target was quietly reduced to 25% in 2023—and now? Completely abandoned. Instead of leading the charge on renewables, BP is doubling down on fossil fuels, leaving climate advocates furious and investors thrilled.
And why? Money. Over the past five years:
- BP’s investors got a 35% return.
- Shell’s investors got 80%.
- Exxon’s investors? A whopping 160%.
Shareholders have had enough. Their message to BP: Forget climate change—just make us rich.
America’s Dirty Influence: Is BP Following Trump’s Lead?
BP’s latest shift aligns eerily with President Donald Trump’s “Drill, Baby, Drill” mantra. The company, which does 90% of its business outside the UK, now refers to the Gulf of Mexico as the “Gulf of America”—a not-so-subtle nod to Washington’s growing influence over global energy policy.
Trump has repeatedly backed Big Oil, and with his recent re-election, BP’s move suggests they’re hedging their bets on a U.S.-driven fossil fuel resurgence.
Was BP’s Green Energy Push a Scam All Along?
Environmentalists aren’t buying BP’s excuses. They argue the company never seriously committed to renewables in the first place, investing less than 10% of its budget in green energy. Critics say BP’s clean energy push was just a PR stunt to silence activists, and now that the money isn’t rolling in, they’ve dropped the act entirely.
Meanwhile, BP just signed a $25 billion oil deal in Iraq, proving that their real future is fossil fuels—not sustainability.
The Verdict: A Win for Big Oil, A Disaster for the Planet
BP’s decision is a major setback for climate action, showing that when profit and the planet collide, corporations will always choose their bottom line.
So, was BP ever serious about renewables, or was this the plan all along? Let’s discuss in the comments.
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