BP Slashes Renewables Investments to Refocus on Oil and Gas

British oil major BP has joined its peers in scaling back renewable-energy initiatives in favor of a return to its historical focus on oil and gas. On Wednesday, BP Chief Executive Officer Murray Auchincloss told investors that the company’s controversial  plan to pivot fast and early towards green energy is now over. “This is a reset bp, with an unwavering focus on growing long-term shareholder value,” Auchincloss said in a statemen…