BP's New CEO: A Shift to Fossil Fuels
Update: 2025-12-18
Description
BPs new leadership, led by Meg ONeill, signals a shift towards fossil fuels, moving away from the companys previous green agenda. ONeill, with her drill, baby, drill approach, takes over from Murray Auchincloss, who resisted cutting capital investment in new discoveries. Meanwhile, the Bank of England lowers interest rates by a quarter of a percentage point, with a divided Monetary Policy Committee, to support the struggling UK economy.
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