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BP to slash renewables investment and ramp up gas and oil production.

BP is expected to announce it will slash its renewable energy investments and instead focus on increasing oil and gas production.The energy giant will outline its strategy later following pressure from some investors unhappy its profits and share price have been much lower than its rivals.Shell and Norwegian company Equinor have already scaled back their plans to invest in green energy. Meanwhile US President Donald Trump's "drill baby drill" comments have encouraged investment in fossil fuels a...

Read more at bbc.com

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