BP Ends Renewables Energy Target After $8.3 Billion Spend
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BP Plc, recovering from an oil spill that may cost it as much as $42 billion, said it hasn’t set a new target for investing in renewable energy after investing $8.3 billion in the business.
The company in 2005 set a target to spend $8 billion by 2015 and achieved that last year, BP said in a report on sustainability issued yesterday. It isn’t setting a new goal.