BP will abandon its renewable energy generation pledge and core earnings target, opting for an annual growth target instead. The firm plans to cut low-carbon investments and divest assets to reduce debt. Following CEO Bernard Looney's departure, BP's profits fell significantly, and the company has a history of retracting sustainability commitments. Activist investor Elliott Management is increasing pressure on BP for major changes, including scaling down green energy spending. Teljes cikk (Euronews.com)