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BP CEO Plans Sale of Some Oil Projects to Hit Climate Target

  • CEO Dudley says on JPMorgan call BP will reallocate capital
  • BP must disclose more on how business aligns with Paris accord
Cabinets From Both UK And Scottish Governments Meet In North East Scotland

Photographer: WPA Pool/Getty Images Europe

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BP Plc’s CEO plans to sell some oil projects and curb the development of others to align its business with the Paris accord, the latest sign climate concerns are starting to impact the investment decisions of the world’s largest fossil fuel producers.