BP built its business on oil and gas. Now climate change is taking it apart.

Read the full story from the Washington Post.

With climate change bearing down on the planet and the novel coronavirus upending the fossil fuel business, one of the world’s biggest oil and gas companies on Tuesday mapped out how it plans to navigate the next decade by radically cutting back on its oil and gas business.

The London-based BP said that it will transform itself by halting oil and gas exploration in new countries, slashing oil and gas production by 40 percent, lowering carbon emissions by about a third, and boosting capital spending on low-carbon energy tenfold to $5 billion a year.

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