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New boss Murray Auchincloss reverses move away from fossil fuels, which had weighed on company’s share priceThehead of BP has imposed a hiring freeze and halted new offshore wind projects, in an apparent attempt to placate investors who are unhappy with the oil company’s green targets.Murray Auchincloss – BP’s former finance chief who was appointed CEO in January after the shock departure of his predecessor, Bernard Looney, for failing to fully detail relationships with colleagues last year – is slowing down investments in big low-carbon projects such as offshore wind, in news first reported by Reuters. Continue reading…
New boss Murray Auchincloss reverses move away from fossil fuels, which had weighed on company’s share price
Thehead of BP has imposed a hiring freeze and halted new offshore wind projects, in an apparent attempt to placate investors who are unhappy with the oil company’s green targets.
Murray Auchincloss – BP’s former finance chief who was appointed CEO in January after the shock departure of his predecessor, Bernard Looney, for failing to fully detail relationships with colleagues last year – is slowing down investments in big low-carbon projects such as offshore wind, in news first reported by Reuters.
