BP scales back climate goals as profits more than double to £23bn
by Alex Lawson Energy correspondent from on (#68KP1)
Energy company faces calls for toughened windfall tax as it reaps rewards from high gas prices
BP has scaled back its climate ambitions as it announced that annual profits more than doubled to $28bn (23bn) in 2022 after a sharp increase in gas prices linked to the Ukraine war boosted its earnings.
In a move that will anger campaigners, the oil and gas giant cut its emissions pledge and plans a greater production of oil and gas over the next seven years compared with previous targets.
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