BP has scaled back its climate ambitions, easing plans to slash the amount of oil and gas it produces over the current decade to meet global demand. The energy giant had previously promised its emissions would be 35-40 percent lower by the end of this decade. It is now targeting a 20-30 percent cut and plans a greater production of oil and gas over the next seven years compared with previous targets. This is a definitive pivot in policy from BP, which was one of the first fossil fuel producers to commit to net zero carbon emissions by 2050. The…
