In a statement titled “Reset BP,” the company said it will reduce its spending on net zero transition businesses by $5 billion a year to up to 2 billion.
BP to cut spending on net zero ventures as it focuses on oil and gas again
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Azerbaijan owns one of the largest gas fields in the world, Shah Deniz, and BP announced in April the start of oil production from a new offshore platform also in the Caspian Sea.
Azerbaijan is the host of the U.N.'s climate conference, shining a spotlight on the petrostate
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