The great bp reset – ren asset selloff and $10bn annual boost to O&G investments

Oil and gas major bp’s strategic “reset” unveiled during its capital markets day today [26 February 2025] is seemingly in line with the latest trend, which has seen some of the prominent players within the energy transition space sacrifice their previously set green energy targets at the altar of shareholder value. Amid the performative pearl-clutching and the search for a culprit - the industry’s favourite baddie, activist investor Elliott Management, please take a bow - some investors have to face the uncomfortable question, was this inevitable?