BP is expected to reverse a previous commitment to reduce oil and gas production by the end of the decade amid a broader pivot in the industry to continue providing the hydrocarbons the world needs, some of the biggest shareholders in the UK-based supermajor told the Financial Times. BP’s peer Shell has already eased its carbon intensity target for 2030 as it has shifted away from clean power sales to retail customers. While keeping their 2050 net-zero targets intact, Europe’s major oil companies have started to…
