✉news BusinessBusiness first seen 1 d ago, last 11 h ago, peak #18
BP considers selling its Brazilian biofuels business
Original: BP weighs sale of Brazilian biofuels business, Bloomberg News reports
BP is weighing a sale of its Brazilian biofuels business, according to a Bloomberg News report picked up by Reuters. The potential divestment would mark a retreat in one area of the company's renewables push as it reassesses its energy transition strategy and works to streamline operations and shore up its balance sheet.
Why now: A major energy company potentially exiting a large biofuels market speaks to the broader pullback from renewables investments.
Rank over time, top of the chart is #1. 8 snapshots from 23 h ago to 11 h ago.
Evidence
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