BP won't set new clean energy target after spending $8B

摘要

BP PLC will not set a new target for renewable energy investments as it seeks to rebound fromrnthe 2010 Gulf of Mexico oil spill that could cost the company up to $42 billion.rnIn 2005, the company pledged to spend $8 billion on renewable energy by 2015. The companyrnhit that target last year and has invested a total of $8.3 billion in a variety of renewable energyrnprojects. After selling off assets to pay for the 2010 Deepwater Horizon oil spill, however, therncompany said in a report that it will not be setting a new target for clean energy investments. Arncompany executive said BP will continue to invest in businesses that could be "financially selfsustaining."