The British energy giant aims to increase its low carbon investments to $5 billion a year by 2030, from around $500 million, at the same time as seeing its oil and gas production fall by 40% from 2019 levels. BP’s decision Tuesday caps one of the worst quarters ever for the world’s biggest oil companies, all of which reported losses and warned of more pain to come as the coronavirus pandemic continues to sap global demand for fossil fuels. How Energy Got So CheapYou may also likeCreated with sketchtool.Up NextCreated with sketchtool. Created with sketchtool.Created with sketchtool.0:00 / 6:23Created with sketchtool.0:00 How Energy Got So Cheap An abundance of fossil fuels combined with advances in technology to harness wind and solar power has sent energy prices crashing around the world. WSJ explains how it all happened at once. Photo illustration: Carlos Waters/WSJ The company’s decision to halve its dividend […]

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