BP scales back exploration arm amid drive to slash emissions January 25 2021, 1.36pm
Chief executive Bernard Looney has set BP on a path to increase renewables, and reduce its dependence on fossil fuels (Aaron Chown/PA)
Hundreds of staff have left BP’s arm which hunts for new oil and gas around the world, according to reports, as the company pushes towards a more renewable and green future.
The UK-listed oil giant has cut its team of geologists, engineers and scientists to fewer than 100, down from over 700 just a few years ago, Reuters reported.
It comes around a year after Bernard Looney took the top job at the oil producer, which started off digging for oil in the Middle East more than 100 years ago.