BP right to hold steady on climate targets despite below forecast profits | Nils Pratley
Although chief executive Murray Auchincloss has left himself room to pump more oil and gas, renewables should start generating greater returnsThe market’s guessing game at BP is waiting for Murray Auchincloss, the chief executive who has been in post permanently only since January, to blink. That is to say, waiting for him tone down climate targets and decide to pump more oil and gas than currently planned.Tuesday was not the day. BP’s first-quarter numbers were slightly weaker than