BP Freezes Hiring and Pauses New Offshore Wind Projects to Please Investors

BP has halted hiring across the company and paused new offshore wind power projects as it seeks to reassure investors it is on the right path, focusing on its core business in oil and gas. That’s according to a Reuters report that quoted unnamed sources from the company, which until last year used to be one of the most ambitious transition fans in the energy industry. The sources told the publication that the move was part of a shift in priorities under CEO Murray Auchincloss that involves reducing investments in costly transition…